Does Greater Energy Performance have an Impact on Real Estate Revenues?

Magnus Bonde and Han Suck Song

Journal of Sustainable Real Estate, 2013, vol. 5, issue 1, 171-182

Abstract: In order to further mitigate negative environmental impact, the European Union (EU) has adopted the so called “20-20-20” goals, in which a (primary) energy reduction target is included. Subsequently, the Energy Performance Certificate (EPC) for buildings (via the Directive on the Energy Performance of Buildings) has been implemented in EU member states. In this paper, we examine the impact of EPCs on office revenues. By and large, we find that better EPC ratings have a positive and significant effect on revenues. This research area is important as improved energy efficiency in the built environment is necessary in order to reach the EU reduction target.

Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2014.12091853 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rsrexx:v:5:y:2013:i:1:p:171-182

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rsre20

DOI: 10.1080/10835547.2014.12091853

Access Statistics for this article

Journal of Sustainable Real Estate is currently edited by Julia Freybote

More articles in Journal of Sustainable Real Estate from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().