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dc.contributor.authorMarmolejo Duarte, Carlos Ramiro
dc.contributor.authorChen, Ai
dc.contributor.otherUniversitat Politècnica de Catalunya. Departament de Tecnologia de l'Arquitectura
dc.identifier.citationMarmolejo, C.; Ai, C. The evolution of energy efficiency impact on housing prices: an analysis for Metropolitan Barcelona. "Revista de la construcción", 2019, vol. 18, núm. 1, p. 156-166.
dc.description.abstractThe Energy Performance of Buildings Directive has it made mandatory to include an energy performance certificate (EPC) on real estate advertisements so as to promote efficient properties. Previous research has found a positive correlation between residential prices and EPC’s energy ranks; nonetheless, the analysis of the evolution of such impact for the same market is still pending. This paper tries to shed light on this issue by analyzing the evolution of prices of the second largest urban agglomeration in Spain. In doing so, a pooled hedonic model is carried out departing from selling listing prices of apartments and a set of locative control variables. Results suggest that in a short period the energy premium for multifamily houses has positively evolved. As a result, a sharped market differentiation arises between inefficient and energy saving dwellings. Such findings have significant implications for the construction and real estate industry, since higher selling prices may compensate for higher building costs coming from energy efficient technologies.
dc.format.extent11 p.
dc.publisherUniversidad Católica de Chile (UC)
dc.subjectÀrees temàtiques de la UPC::Arquitectura
dc.subjectÀrees temàtiques de la UPC::Energies::Eficiència energètica
dc.subjectÀrees temàtiques de la UPC::Arquitectura::Arquitectura sostenible
dc.subject.lcshEnergy conservation
dc.subject.lcshSustainable architecture
dc.subject.otherHedonic price models
dc.subject.otherReal estate valuation
dc.subject.otherEnergy efficiency
dc.subject.otherEnergy performance certificates
dc.titleThe evolution of energy efficiency impact on housing prices: an analysis for Metropolitan Barcelona
dc.title.alternativeLa evolución del impacto de la eficiencia energética en los precios residenciales: un análisis para la Barcelona Metropolitana
dc.subject.lemacEnergia -- Estalvi
dc.subject.lemacEdificis -- Consum d'energia
dc.subject.lemacArquitectura sostenible
dc.contributor.groupUniversitat Politècnica de Catalunya. CPSV - Centre de Política de Sòl i Valoracions
dc.description.peerreviewedPeer Reviewed
dc.rights.accessOpen Access
dc.description.versionPostprint (published version)
upcommons.citation.authorMarmolejo, C.; Ai, C.
upcommons.citation.publicationNameRevista de la construcción

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