IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2012_276.html
   My bibliography  Save this paper

Estimating the impact of sustainability criteria on Swiss residential real estate returns

Author

Listed:
  • Markus Gaebel
  • Annika Feige

Abstract

This paper investigates the impact of sustainability aspects on total returns and cap rates for residential real estate assets. We use a cross-section of data from institutional investors of approximately 200 Swiss multi-family properties, including sustainability ratings. Our multiple regression analysis indicates that not only traditional building characteristics but also sustainability aspects offer explanatory power. The results suggest that building age, health and comfort features as well as flexibility criteria have statistically significant impacts on valuation-based real estate returns in 2009. Also this study provides sustainability benchmarks for better informed real estate portfolio management decisions. Practical applications illustrate how the findings can be integrated into sustainability considerations of institutional real estate investors.

Suggested Citation

  • Markus Gaebel & Annika Feige, 2012. "Estimating the impact of sustainability criteria on Swiss residential real estate returns," ERES eres2012_276, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2012_276
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2012-276
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    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:arz:wpaper:eres2012_276. 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: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.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.