Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Is the energy price premium spatially aggregated? A listing price analysis of the residential market in Barcelona
Building energy efficiency has aroused much discussion around the world. Energy Performance Certificates (EPCs) and relevant regulations and legislation have been established and enforced in the past 15 years due to the extreme 40% consumption of total energy and 38% of total CO2 emissions caused by residential buildings in Europe. This paper aims to confirm the energy premium in the Metropolitan Area of Barcelona (AMB) and the presence of spatial homogeneity of this energy premium with OLS hedonic prices and the GWR model. The results suggest that the energy premium causes a 12.2% housing price increase from Class G to Class A, or an implicit housing price rise of 1.9% with every ranking of EPC ordinal scale improvement. Furthermore, the areas with a higher incidence of energy labelling are situated in the middle and north-eastern parts of AMB that are inhabited by skilled professionals who more commonly have a higher university education. ; Postprint (published version)
Is the energy price premium spatially aggregated? A listing price analysis of the residential market in Barcelona
Building energy efficiency has aroused much discussion around the world. Energy Performance Certificates (EPCs) and relevant regulations and legislation have been established and enforced in the past 15 years due to the extreme 40% consumption of total energy and 38% of total CO2 emissions caused by residential buildings in Europe. This paper aims to confirm the energy premium in the Metropolitan Area of Barcelona (AMB) and the presence of spatial homogeneity of this energy premium with OLS hedonic prices and the GWR model. The results suggest that the energy premium causes a 12.2% housing price increase from Class G to Class A, or an implicit housing price rise of 1.9% with every ranking of EPC ordinal scale improvement. Furthermore, the areas with a higher incidence of energy labelling are situated in the middle and north-eastern parts of AMB that are inhabited by skilled professionals who more commonly have a higher university education. ; Postprint (published version)
Is the energy price premium spatially aggregated? A listing price analysis of the residential market in Barcelona
01.07.2018
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Energy Performance Certificates (EPCs) , Buildings -- Energy conservation -- Spain -- Barcelona Metropolitan Area , Àrees temàtiques de la UPC::Urbanisme , Real property -- Valuation -- Spain -- Barcelona Metropolitan Area , Housing price , Spatial aggregation , Béns immobles -- Valoració -- Catalunya -- Barcelona (Àrea metropolitana) , Edificis -- Estalvi d'energia -- Catalunya -- Barcelona (Àrea metropolitana)
DDC:
690
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