Buildings Energy Performance in a Market Comparison Approach

Abstract

The current regulations on the energy certification of buildings represent for the real estate market and the building sector a real cultural revolution. In recent years, the focus on the energy efficiency of buildings has grown exponentially. It is therefore necessary that the property valuations and methodologies used for this purpose bear in mind the energy quality of buildings. This study aims to determine the contribution of an energy performance feature to the real estate property value. This information can help, on the one hand, to understand the energy savings and the corresponding savings income in the property management and, on the other, to control the air pollution from CO2 emission reduction. The energy performance hedonic price and the CO2 emission price are appraised in the Market Comparison Approach (MCA).

Keywords

• sustainability
• energy efficiency
• real estate market
• hedonic price
• value