(WFRF:(Bertram I.)) srt2:(2020-2024)
Search: (WFRF:(Bertram I.)) srt2:(2020-2024) > (2021) > What Drives the Pre...
- 3 of 5
- Previous record
- Next record
- To hitlist
- Pommeranz, CarolineMunich Germany (author)
What Drives the Premium for Energy-Efficient Apartments – Green Awareness or Purchasing Power?
- Article/chapterEnglish2021
Publisher, publication year, extent ...
- 2020-03-18
- Springer Nature,2021
- electronicrdacarrier
Numbers
- LIBRIS-ID:oai:DiVA.org:kth-274248
- https://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-274248URI
- https://doi.org/10.1007/s11146-020-09755-8DOI
Supplementary language notes
- Language:English
- Summary in:English
Part of subdatabase
- SwePubSwePub
Classification
Notes
- QC 20200707
- We analyze whether lower rents for energy-inefficient apartments reflect tenants’ willingness to pay due to a higher green awareness, purchasing power, or energy consumption costs. Based on a German rental apartment dataset from Q1 2007 to Q1 2019, we use interaction terms for socioeconomic characteristics in a hedonic regression model. We find that rents are lower for apartments with higher energy consumption, even in neighborhoods with lower levels of green awareness. This relationship is stronger in neighborhoods with higher purchasing power, such that communities with low levels of green awareness and high purchasing power show the steepest negative slope for increasing energy consumption (−8.6% from the highest to lowest rating). Thus, the rent-decreasing effect of purchasing power is higher than that of green awareness. Splitting the entire period into smaller windows, we find that the interaction effect of green awareness has emerged in the most recent years (2017–2019). This may be driven by changes in regulation, which have made it easier for tenants to assess the energy consumption before they rent, or by a general increase in green awareness over this period.
Subject headings and genre
- SAMHÄLLSVETENSKAP Ekonomi och näringsliv Företagsekonomi hsv//swe
- SOCIAL SCIENCES Economics and Business Business Administration hsv//eng
- TEKNIK OCH TEKNOLOGIER Samhällsbyggnadsteknik Miljöanalys och bygginformationsteknik hsv//swe
- ENGINEERING AND TECHNOLOGY Civil Engineering Environmental Analysis and Construction Information Technology hsv//eng
- Consumer behavior
- Energy efficiency
- Energy performance certificates
- Price differentiation
- Nationalekonomi
- Economics
- Fastigheter och byggande
- Real Estate and Construction Management
Added entries (persons, corporate bodies, meetings, titles ...)
- Steininger, Bertram I.KTH,Fastighetsekonomi och finans(Swepub:kth)u125gmog (author)
- Munich GermanyFastighetsekonomi och finans (creator_code:org_t)
Related titles
- In:Journal of Real Estate Finance and Economics: Springer Nature62:2, s. 220-2410895-56381573-045X
Internet link
- https://doi.org/10.1007/s11146-020-09755-8Fulltext
- https://link.springer.com/article/10.1007%2Fs11146-020-09755-8
- https://kth.diva-portal.org/smash/get/diva2:1452699/FULLTEXT01.pdffulltext:print
- https://link.springer.com/content/pdf/10.1007/s11146-020-09755-8.pdf
- https://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-274248
- https://doi.org/10.1007/s11146-020-09755-8
Find in a library
- Journal of Real Estate Finance and Economics (Search for host publication in LIBRIS)
To the university's database
- 3 of 5
- Previous record
- Next record
- To hitlist
Find more in SwePub
- By the author/editor
- Pommeranz, Carol ...
- Steininger, Bert ...
- About the subject
-
- SOCIAL SCIENCES
- SOCIAL SCIENCES
- and Economics and Bu ...
- and Business Adminis ...
-
- ENGINEERING AND TECHNOLOGY
- ENGINEERING AND ...
- and Civil Engineerin ...
- and Environmental An ...
- Articles in the publication
- Journal of Real ...
- By the university
- Royal Institute of Technology
Search outside SwePub
- Extend your search to:
- Google Book Search
- Google Scholar
Kungliga biblioteket hanterar dina personuppgifter i enlighet med EU:s dataskyddsförordning (2018), GDPR. Läs mer om hur det funkar här.
Så här hanterar KB dina uppgifter vid användning av denna tjänst.
- Copyright © LIBRIS - National Library Systems
- LIBRIS.kb.se
