Título:
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Spatial implications of EPC rankings over residential prices
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Autor/a:
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Marmolejo Duarte, Carlos Ramiro; Chen, Ai; Bravi, Marina
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Otros autores:
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Universitat Politècnica de Catalunya. Departament de Tecnologia de l'Arquitectura; Universitat Politècnica de Catalunya. Doctorat en Gestió i Valoració Urbana i Arquitectònica; Universitat Politècnica de Catalunya. CPSV - Centre de Política de Sòl i Valoracions |
Abstract:
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This is an author accepted manuscript of the book chapter: "Spatial Implications of EPC Rankings Over Residential Prices" written by Carlos Marmolejo-Duarte, Ai Chen, Marina Bravi. Included in the book: Mondini, G. et al. [eds]. Values and Functions for Future Cities. Cham, Switzerland: Springer Nature, 2020. ISBN 978-3-030-23786-8. https://doi.org/10.1007/978-3-030-23786-8 . The final authenticated version of the chapter is available online at: https://doi.org/10.1007/978-3-030-23786-8_4 |
Abstract:
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Empirical evidence has found a correlation between Energy Performance (EPC) rankings and housing prices. Though, little attention has been devoted to research the spatial implications of EPC marginal prices. This paper attempts to fill this gap using a geographical-weighted-regression, departing from listing prices for Barcelona. The results suggest the existence of a premium equivalent to 1.7% for each EPC ranking, which nearly double the previous reported evidence in this city. Also, the impact shows a non-stationary distribution across urban space. As a matter of fact, the higher the impact, the lower the price of apartments and their quality. The apartments portraying the larger impact are located in peripheral areas inhabited by medium and low-income population. So, the equity of less wealthy population witnesses the largest brown discount. |
Abstract:
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Peer Reviewed |
Materia(s):
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-Àrees temàtiques de la UPC::Urbanisme -Housing -- Prices -- Spain -- Barcelona (Metropolitan Area) -Buildings -- Energy conservation -- Spain -- Barcelona (Metropolitan Area) -Hedonic pricing -Energy label -Spatial stationarity -Residential market -Habitatge -- Preus -- Catalunya -- Barcelona (Àrea metropolitana) -Edificis -- Estalvi d'energia -- Catalunya -- Barcelona (Àrea metropolitana) |
Derechos:
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Tipo de documento:
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Artículo - Versión presentada Capítulo o parte de libro |
Editor:
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Springer Nature
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