IDEAS home Printed from https://ideas.repec.org/p/hhs/kthrec/2013_001.html
   My bibliography  Save this paper

Value of environmental factors and willingness to pay for green apartments in Sweden

Author

Listed:
  • Zalejska-Jonsson, Agnieszka

    (Department of Real Estate and Construction Management, Royal Institute of Technology)

Abstract

This paper examines the importance of environmental factors in the residential property market and investigates avowed willingness to pay for green apartments. The paper presents results from a quasi-experimental study and survey responses from 733 occupants of green and conventional buildings. The analysis indicates that people are prepared to pay approximately five per cent more for very low-energy buildings; however, they are not equally willing to pay for a building with an environmental certificate. The paper demonstrates that energy and environmental building performance may effect customers’ purchasing decisions and avowed willingness to pay if consumers perceive that these factors have an impact on property value.

Suggested Citation

  • Zalejska-Jonsson, Agnieszka, 2013. "Value of environmental factors and willingness to pay for green apartments in Sweden," Working Paper Series 13/1, Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance.
    • Handle: RePEc:hhs:kthrec:2013_001
    as

    Download full text from publisher

    File URL: https://www.dropbox.com/s/mf7brrl125og6z1/WP201301.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    residential buildings; green buildings; willingness to pay; purchasing decision;
    All these keywords.

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:kthrec:2013_001. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cecilia Hermansson (email available below). General contact details of provider: https://edirc.repec.org/data/ifkthse.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.