cover image: N° 2024-5 - THE VALUATION OF ENERGY EFFICIENCY

N° 2024-5 - THE VALUATION OF ENERGY EFFICIENCY

30 May 2024

Exploring the heterogeneity of the effect, we find that this effect increases with the number of annual heating degree days of the area where the dwelling is located, indicating the importance of the energy-saving aspect in the market’s valuation of energy-efficient housing. [...] In the next section, we provide an overview of the literature on the valuation of energy efficiency in the real estate market and the in the institutional context. [...] In addition to the energy rating information, the EPC Logement dataset contains informa- tion on the location of the dwelling, the type of dwelling, the purpose of the energy assessment (sale, rental, etc)7 and the date of construction of the dwelling. [...] The estimated coefficients of the main control variables are in line with expectations: the price per square meter is negatively associated with the age of the building and with the size of the dwelling. [...] However, this is currently not likely in France, where air conditioning of dwellings was not very common at the time of the study.15 16 We examine these assumptions by interacting the dwelling’s energy label with the share of votes received by the Green party in the first round of the 2017 presidential election, the location of the dwelling in one of the three largest French cities (i.e., Paris, L.

Related Organizations

European Union
Pages
48
Published in
France

Table of Contents