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Model of the Market Value of Apartments Including a Time Variable and Energy Features of a Building

Author

Listed:
  • Foryś Iwona

    (University of Szczecin, Economic, Finance and Management Faculty, Econometrics and Statistics Department, Mickiewicza 64, 71-101Szczecin, Poland)

  • Putek-Szeląg Ewa

    (University of Szczecin, Economic, Finance and Management Faculty, Econometrics and Statistics Department,Mickiewicza 64, 71-101Szczecin, Poland)

  • Ziembicka Beata

    (Real Estate Appraisal Office, Reduty Ordona 56/1, 71-202Szczecin, Poland)

Abstract

Research background: The implementation of EU directives in national legislations imposes an obligation to monitor energy efficiency in every sector of the economy, including construction. In the era of energy conservation, which results from environmental requirements, as well as from constantly increasing energy prices, the energy consumption of premises and buildings becomes an important prerequisite for decision-making processes in the real estate market. There have also been changes in the provisions of the Act on Real Estate Management, which impose an obligation on the professional group of property appraisers to incorporate energy performance certificates for buildings and premises into the valuation process. Energy intensity in terms of the demand for heating of multi-family residential buildings will be the basis for the assessment of its impact on the market value of residential units.

Suggested Citation

  • Foryś Iwona & Putek-Szeląg Ewa & Ziembicka Beata, 2020. "Model of the Market Value of Apartments Including a Time Variable and Energy Features of a Building," Folia Oeconomica Stetinensia, Sciendo, vol. 20(1), pages 117-132, June.
    • Handle: RePEc:vrs:foeste:v:20:y:2020:i:1:p:117-132:n:7
    DOI: 10.2478/foli-2020-0007
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    Keywords

    Real estate market analysis; energy intensity; market value;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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