The paper explores the role of the buildings energy performance in the definition of the real estate market value, taking in consideration the presence of spatial auto-correlation. At this regard, it is necessary to put in evidence that a great heterogeneity exists on the Italian territory with reference to buildings energy performance; for this reason, being able to identify a class of most performing estimation models, suitable to separate the spatial effects from the influence of the building components - including the energy rating - on the value, seems to be an interesting goal. In particular, this work illustrates an experiment based on the Spatial Auto Regressive (SAR) model implemented on a sample of residential units located in the city of Turin and represents a first step of a more wide research program.

Building Energy Performance and Real Estate Market Value: an Application of the Spatial Autoregressive (SAR) Model / Bottero, MARTA CARLA; Bravi, Marina; Mondini, Giulio; Talarico, Antonio. - STAMPA. - (2017), pp. 221-230.

Building Energy Performance and Real Estate Market Value: an Application of the Spatial Autoregressive (SAR) Model

BOTTERO, MARTA CARLA;BRAVI, MARINA;MONDINI, Giulio;TALARICO, ANTONIO
2017

Abstract

The paper explores the role of the buildings energy performance in the definition of the real estate market value, taking in consideration the presence of spatial auto-correlation. At this regard, it is necessary to put in evidence that a great heterogeneity exists on the Italian territory with reference to buildings energy performance; for this reason, being able to identify a class of most performing estimation models, suitable to separate the spatial effects from the influence of the building components - including the energy rating - on the value, seems to be an interesting goal. In particular, this work illustrates an experiment based on the Spatial Auto Regressive (SAR) model implemented on a sample of residential units located in the city of Turin and represents a first step of a more wide research program.
978-3-319-49675-7
Appraisal: From Theory to Practice
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11583/2661092
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