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¿Influye la eficiencia energética en el precio de la vivienda en España?

Author

Listed:
  • Pana Alves

    (BANCO DE ESPAÑA)

  • Olivier Hubert

    (BANCO DE ESPAÑA)

Abstract

Este trabajo cuantifica en qué medida el grado de eficiencia energética de las viviendas influye en su precio. Para ello, se analizan datos referentes a más de un millón de inmuebles residenciales vendidos en España entre 2015 y 2022. Mediante el uso de un modelo de regresión hedónica, se concluye que una mayor eficiencia energética incrementa, en promedio, el precio de la vivienda en hasta un 9,7 % con respecto a las más ineficientes. Un efecto que, además, ha aumentado en los últimos años, especialmente en las viviendas con mayor eficiencia energética. De igual modo, tanto el tipo de vivienda como las necesidades de calefacción y de refrigeración del municipio en el que se ubica influyen en la incidencia del nivel de eficiencia energética sobre el precio. Así, en viviendas aisladas (es decir, casas unifamiliares independientes) y en aquellas que se encuentran en localidades con mayores necesidades de calefacción el grado de eficiencia energética tiene un impacto mayor sobre el precio.

Suggested Citation

  • Pana Alves & Olivier Hubert, 2025. "¿Influye la eficiencia energética en el precio de la vivienda en España?," Occasional Papers 2508, Banco de España.
  • Handle: RePEc:bde:opaper:2508
    DOI: https://doi.org/10.53479/39765
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    File URL: https://www.bde.es/f/webbe/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosOcasionales/25/Fich/do2508.pdf
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    More about this item

    Keywords

    mercado inmobiliario residencial; eficiencia energética; certificados de eficiencia energética; modelo de regresión hedónica; precio de la vivienda; España;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R28 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Government Policy

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