Value of environmental factors and willingness to pay for green apartments in Sweden

Agnieszka Zalejska-Jonsson ()
Additional contact information
Agnieszka Zalejska-Jonsson: Department of Real Estate and Construction Management, Royal Institute of Technology, Postal: Department of Real Estate and Construction Management , Royal Institute of Technology, Brinellvägen 1, 100 44 Stockholm, Sweden

No 13/1, Working Paper Series from Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance

Abstract: This paper examines the importance of environmental factors in the residential property market and investigates avowed willingness to pay for green apartments. The paper presents results from a quasi-experimental study and survey responses from 733 occupants of green and conventional buildings. The analysis indicates that people are prepared to pay approximately five per cent more for very low-energy buildings; however, they are not equally willing to pay for a building with an environmental certificate. The paper demonstrates that energy and environmental building performance may effect customers’ purchasing decisions and avowed willingness to pay if consumers perceive that these factors have an impact on property value.

Keywords: residential buildings; green buildings; willingness to pay; purchasing decision (search for similar items in EconPapers)
JEL-codes: D10 R21 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2013-03-13
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.dropbox.com/s/mf7brrl125og6z1/WP201301.pdf (application/pdf)

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:hhs:kthrec:2013_001

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Paper Series from Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance Department of Real Estate and Construction Management, Royal Institute of Technology, Teknikringen 10B, 100 44 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Cecilia Hermansson ().