<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Building energy efficiency has aroused much discussion around the world. Energy Performance Certificates (EPCs) and relevant regulations and legislation have been established and enforced in the past 15 years due to the extreme 40% consumption of total energy and 38% of total CO<sub>2</sub> emissions caused by residential buildings in Europe. This paper aims to confirm the energy premium in the Metropolitan Area of Barcelona (AMB) and the presence of spatial homogeneity of this energy premium with OLS hedonic prices and the GWR model. The results suggest that the energy premium causes a 12.2% housing price increase from Class G to Class A, or an implicit housing price rise of 1.9% with every ranking of EPC ordinal scale improvement. Furthermore, the areas with a higher incidence of energy labelling are situated in the middle and north-eastern parts of AMB that are inhabited by skilled professionals who more commonly have a higher university education.</p></abstract>

Building energy efficiency has aroused much discussion around the world. Energy Performance Certificates (EPCs) and relevant regulations and legislation have been established and enforced in the past 15 years due to the extreme 40% consumption of total energy and 38% of total CO2 emissions caused by residential buildings in Europe. This paper aims to confirm the energy premium in the Metropolitan Area of Barcelona (AMB) and the presence of spatial homogeneity of this energy premium with OLS hedonic prices and the GWR model. The results suggest that the energy premium causes a 12.2% housing price increase from Class G to Class A, or an implicit housing price rise of 1.9% with every ranking of EPC ordinal scale improvement. Furthermore, the areas with a higher incidence of energy labelling are situated in the middle and north-eastern parts of AMB that are inhabited by skilled professionals who more commonly have a higher university education.

Is the Energy Price Premium Spatially Aggregated? A Listing Price Analysis of the Residential Market in Barcelona

Technical Transactions

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 Public License.

Building energy efficiency has aroused much discussion around the world. Energy Performance Certificates (EPCs) and relevant regulations and legislation have...

Is the Energy Price Premium Spatially Aggregated? A Listing Price Analysis of the Residential Market in Barcelona

Publié en ligne: 21 mai 2020

Pages: 5 - 19

Reçu: 28 juin 2018

DOI: https://doi.org/10.4467/2353737XCT.18.097.8792

Mots clés
Energy Performance Certificates (EPCs), housing price, spatial aggregation

© 2020 Ai Chen et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 Public License.

Is the Energy Price Premium Spatially Aggregated? A Listing Price Analysis of the Residential Market in Barcelona

Publié en ligne: 21 mai 2020

Pages: 5 - 19

Reçu: 28 juin 2018

DOI: https://doi.org/10.4467/2353737XCT.18.097.8792

Mots clésEnergy Performance Certificates (EPCs), housing price, spatial aggregation

© 2020 Ai Chen et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 Public License.

Mots clés
Energy Performance Certificates (EPCs), housing price, spatial aggregation