The influence of energy certification on housing sales prices in the province of alicante (Spain)

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. T...

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Detalles Bibliográficos
Autores: Céspedes López, María Francisca, Mora García, Raúl Tomás, Pérez Sánchez, Vicente Raúl, Martí Ciriquián, Pablo
Tipo de recurso: artículo
Fecha de publicación:2020
País:España
Institución:Consejo General de la Arquitectura Técnica de España (CGATE)
Repositorio:RIARTE
OAI Identifier:oai:www.riarte.es:20.500.12251/1486
Acceso en línea:http://hdl.handle.net/20.500.12251/1486
https://doi.org/10.3390/app10207129
Access Level:acceso abierto
Palabra clave:Certificado de rendimiento energético (EPC)
Análisis coste-beneficio
Certificación energética
Alicante
Mercado Inmobiliario
Viviendas colectivas
Precio de venta
Análisis de mercado
3305.14 Viviendas
3305.90
5302.01 Indicadores Económico
5304.01 Consumo, Ahorro, Inversión
5308.02 Comportamiento del Consumidor
Descripción
Sumario: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. © 2020 by the authors. Licensee MDPI, Basel, Switzerland.