Energy performance and housing prices
2014 (English)In: Sustainable Development, ISSN 2160-7540, E-ISSN 2160-7559, Vol. 22, no 6, 404-419 p.Article in journal (Refereed) Published
We investigate whether mandatory energy performance certificates of existing residential properties contribute to property price premiums after the implementation of the EU directive on the energy performance of buildings in the Swedish private housing market. Analysing mandatory energy performance certificates of the 2009–2010 private housing transactions, we find that energy performance is associated with transaction price in situations when it is conditional on a reference benchmark. We also document property price premiums for energy performance within housing segments built before 1960 and those with a lower transaction price per square metre. Our results suggest that the property market values energy performance, and we make recommendations on which housing segments need policy support to encourage energy improvements.
Place, publisher, year, edition, pages
2014. Vol. 22, no 6, 404-419 p.
energy performance, property value, residential property
Research subject Business Studies
IdentifiersURN: urn:nbn:se:umu:diva-86810DOI: 10.1002/sd.1566ISI: 000346962400004OAI: oai:DiVA.org:umu-86810DiVA: diva2:704181
FunderMistra - The Swedish Foundation for Strategic Environmental Research