Spatial Econometric Analysis of Multi-family Housing Prices in Turin: The Heterogeneity of Preferences for Energy Efficiency

Dell’Anna, Federico

doi:10.1007/978-3-031-10542-5_15

Cited by 3 publications

(1 citation statement)

References 32 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In recent years, there has been growing interest in the impact of energy efficiency and green certifications on the housing market. Several studies explored this relationship, investigating the extent to which energy efficiency measures and certifications affect housing prices (Selection of published articles: [1,4,[8][9][10][11][12][13][14][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33]). Many of these were analysed and presented in literature reviews and meta-analyses, such as [19], and we will focus on the studies published in the last five years.…”

Section: Recent Research On Epc and Capitalisationmentioning

confidence: 99%

How Does the Presentation of Energy Performance Affect the Price of Houses? A Case Study of Detached Houses in Stockholm, Sweden

Wilhelmsson

2023

Buildings

View full text Add to dashboard Cite

Our study aims to analyse whether the capitalisation of a property’s energy performance is affected by how it is presented. In place since 2002, there is an EU directive mandating the introduction of an energy performance certificate (EPC) when selling detached houses. This directive was implemented in Sweden in 2009. We analyse how EPC capitalised on housing prices during 2012–2018 for detached houses in Stockholm. This was previously carried out, but our contribution is to analyse both the effect of energy rating or labelling (A–G) and energy consumption (kWh/m²). How energy performance is communicated or displayed to potential buyers conveys that the format, style, and content of energy performance information may influence how buyers perceive its value and impact on the property’s market price. We have information on energy rating, consumption, or both for selected properties. This allows us to test the hypothesis that how energy performance is presented affects pricing. We also tested whether information affects different age cohorts differently. The results indicate that how energy performance is presented and visualised is important and that information about rating and consumption might be considered as a substitute for each other. It is also clear that the capitalisation effect differs depending on the age of the building.

show abstract

Section: Recent Research On Epc and Capitalisationmentioning

confidence: 99%

How Does the Presentation of Energy Performance Affect the Price of Houses? A Case Study of Detached Houses in Stockholm, Sweden

Wilhelmsson

2023

Buildings

View full text Add to dashboard Cite

show abstract

Machine learning framework for evaluating energy performance certificate (EPC) effectiveness in real estate: A case study of Turin’s private residential market

Dell’Anna

2025

Energy Policy

View full text Add to dashboard Cite

What Advantages Do Adaptive Industrial Heritage Reuse Processes Provide? An Econometric Model for Estimating the Impact on the Surrounding Residential Housing Market

Dell’Anna

2022

Heritage

Self Cite

View full text Add to dashboard Cite

When industrial relics, such as obsolete buildings, sites, and infrastructures, enter into a process of adaptive reuse, they become transformation engines capable of shaping the urban fabric. They provide tangible and intangible links to our past and have the potential to play a significant role in today’s cities’ futures. One unresolved issue is the quantification of the externalities of these transformation processes. If undertaken correctly, adaptive reuse can contribute to the development of social and cultural capital, environmental sustainability, urban regeneration, and, most importantly, economic benefits to the surrounding community. In this sense, understanding the value of heritage is particularly important in light of the new European urban environmental policy movement based on the circular economy, which aims to change the way Member States consume and produce materials and energy. After a review of the externalities generated by the adaptive reuse of disused industrial heritage, the paper will concentrate on the estimation of economic benefits given by a transformation process that affected Turin’s Aurora district (Northern Italy) during the last years. The hedonic pricing method (HPM) was used to investigate the effects of the construction of new headquarters and the redevelopment of an old power plant converted into a museum and conference center. This study used econometric models to identify a significant increase in market prices within 800 m of the site and calculated a EUR 16,650,445 capitalized benefit from the transformation on the surrounding residential building stock. The study thus contributed to the awareness that reused heritage not only improves the lives of residents, but it also has a positive impact on the real estate market, in terms of transactions, as well as market values.

show abstract

Spatial Econometric Analysis of Multi-family Housing Prices in Turin: The Heterogeneity of Preferences for Energy Efficiency

Cited by 3 publications

References 32 publications

How Does the Presentation of Energy Performance Affect the Price of Houses? A Case Study of Detached Houses in Stockholm, Sweden

How Does the Presentation of Energy Performance Affect the Price of Houses? A Case Study of Detached Houses in Stockholm, Sweden

Machine learning framework for evaluating energy performance certificate (EPC) effectiveness in real estate: A case study of Turin’s private residential market

What Advantages Do Adaptive Industrial Heritage Reuse Processes Provide? An Econometric Model for Estimating the Impact on the Surrounding Residential Housing Market

Contact Info

Product

Resources

About