Energy efficiency and the real estate economy


Type Research Project

Funding Bodies
  • Austrian Research Promotion Agency

Duration May 1, 2008 - April 30, 2010

  • Institute for Multi-Level Governance and Development IN (Details)
  • Research Institute for Spatial and Real Estate Economics FI (Details)

Tags

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  • Herath, Shanaka (Former researcher)
  • Kaufmann, Philipp (Former researcher)
  • Maier, Gunther (Details) Project Head
  • Sedlacek, Sabine (Former researcher)
 

Abstract (German)

Das Projekt „Immomarkteffizenz“ untersucht mit Echtdaten von Immobilien¬portfolios und Bewertungs¬gutachten den Zusammenhang zwischen der Energieeffizienz von Gebäuden und der Funktionsweise der Immobilienwirtschaft. Als zentrale Frage wird mit der Methode der hedonischen Preise ermittelt, ob Wohnungen und Büros mit einem niedrigeren Energieverbrauch (-kosten) am Markt höher bewertet werden als Objekte mit sonst gleicher Ausstattung und Lage.


Abstract (English)

The project examines with real data of real estates portfolios and valutions the relation between the energy efficiency of buildings and the mechanism of the real estate economy. Central task is to determined with the method of the hedonic prices whether flats and offices with a lower energy consumption (-cost) are valued higher in the market than objects with otherwise the same characteristics.

Publications

Case note

2013 Alber, Sebastian. 2013. Life Cycle Evaluation of an Advanced Hydrogen Based Energy System. The International Journal of Life Cycle Assessment. 3: (Details)

Paper presented at an academic conference or symposium

2010 Herath, Shanaka, Maier, Gunther. 2010. Efficiency of the Real Estate Market: A Meta-Analysis. European Real Estate Society, 17th Annual Conference, Mailand, Italien, 23.06-26.06. (Details)
  Maier, Gunther, Kaufmann, Philipp, Oberhuber, Andreas. 2010. Rents as Incentive for Saving Energy: An Empirical Analysis for Austria. European Real Estate Society, 17th Annual Conference, Mailand, Italien, 23.06-26.06. (Details)
2009 Maier, Gunther, Herath, Shanaka. 2009. Real Estate Market Efficiency: A Survey of Literature. Annual European Real Estate Society Conference 2009, Stockholm, Schweden, 24.06.-27.06.. (Details)
  Kann, Johann Sebastian, Kaufmann, Philipp, Maier, Gunther. 2009. The EU-Energy Directive and Real Estate Appraisal: The Case of Austria. Annual European Real Estate Society Conference, Stockholm, Schweden, 24.6.-27.6.. (Details)
  Maier, Gunther, Herath, Shanaka. 2009. The Problem of Similar Properties: Bias and Inefficiency in the Sales Comparison Approach of Real Estate Appraisal. Annual European Real Estate Society Conference, Stockholm, Schweden, 24.6.-27.6.. (Details)
2008 Herath, Shanaka, Kaufmann, Philipp, Maier, Gunther, Sedlacek, Sabine. 2008. The (In-) Efficiency of the Real Estate Market: A Review of the Literature. 48th Congress of the European Regional Science Association, Liverpool, Großbritannien, 27.08-31.08. (Details)

Classification

Expertise

  • real estate economy