The Influence of Energy Certification on Housing Sales Prices in the Province of Alicante (Spain)
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Título: | The Influence of Energy Certification on Housing Sales Prices in the Province of Alicante (Spain) |
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Autor/es: | Céspedes-López, María Francisca | Mora García, Raúl Tomás | Pérez Sánchez, Vicente Raúl | Martí Ciriquián, Pablo |
Grupo/s de investigación o GITE: | Materiales y Sistemas Constructivos de la Edificación | Grupo de Investigación en Restauración Arquitectónica de la Universidad de Alicante. GIRAUA-CICOP | Urbanística y Ordenación del Territorio en el Espacio Litoral |
Centro, Departamento o Servicio: | Universidad de Alicante. Departamento de Edificación y Urbanismo |
Palabras clave: | Energy performance certificate (EPC) | Hedonic pricing method | Real estate market | Property prices | Alicante |
Área/s de conocimiento: | Construcciones Arquitectónicas | Urbanística y Ordenación del Territorio |
Fecha de publicación: | 13-oct-2020 |
Editor: | MDPI |
Cita bibliográfica: | Cespedes-Lopez M-F, Mora-Garcia R-T, Perez-Sanchez VR, Marti-Ciriquian P. The Influence of Energy Certification on Housing Sales Prices in the Province of Alicante (Spain). Applied Sciences. 2020; 10(20):7129. https://doi.org/10.3390/app10207129 |
Resumen: | This work examines the implementation of energy labelling by the residential real estate sector. First, it considers the interest by real estate sellers in not publishing energy certification information, and then, it quantifies the impact of the housing’s energy certification on the asking price. The results are compared with those obtained from other studies conducted in distinct European countries. The study’s final sample was collected, including information from 52,939 multi-family homes placed on the real estate market in the province of Alicante (Spain). One-way analysis of variance (ANOVA) was used, as well as an ordinary least squares regression model. This study highlights the fact that, in the current market, owners and sellers have no incentive to reveal the energy certification, since this permits them to sell homes with low energy ratings at prices similar to those of more energy efficient homes. In addition, it was found that homes with better energy ratings (letters A and B) are not sold at higher prices than homes with other rating letters, unlike the case of other European countries that were examined. |
Patrocinador/es: | This research and the ACP were partially funded by Universidad de Alicante (http://dx.doi.org/10.13039/100009092). |
URI: | http://hdl.handle.net/10045/109758 |
ISSN: | 2076-3417 |
DOI: | 10.3390/app10207129 |
Idioma: | eng |
Tipo: | info:eu-repo/semantics/article |
Derechos: | © 2020 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/). |
Revisión científica: | si |
Versión del editor: | https://doi.org/10.3390/app10207129 |
Aparece en las colecciones: | INV - GIRAUA-CICOP - Artículos de Revistas INV - MSCE - Artículos de Revistas INV - UOTEL - Artículos de Revistas |
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