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(Article of periodic en Anglais - 2014)

Document title

Supply, demand and the value of green buildings

Authors(s) and Affiliation(s)

CHEGUT A. (1) ; EICHHOLTZ P. (1) ; KOK N. (2) ;
(1) Dept. of Finance, Univ., Maastricht, PAYS-BAS
(2) Goldman School of Public Policy, Univ. of California, Berkeley, ETATS-UNIS

Abstract

This paper documents that, over the 2000–09 period, the expanding supply of green buildings within a given London neighbourhood had a positive impact on average rents and prices, but reduced rents and prices for environmentally certified real estate. The results suggest that there is a gentrification effect from green buildings. However, each additional ‘‘green’’ building decreases the marginal effect of certification in the rental and transaction markets by 2 per cent and 5 per cent respectively. In addition, controlling for lease contract features, like contract length and the rent-free period, modifies the impact of environmental certification on rental prices

Source

Article of periodic

published at : Urban studies / ISSN 0042-0980

Editor : Longman Group, Harlow - ROYAUME-UNI (1964)

Millesime : 2014, vol. 51, no1 [pp. 22-43]

Bibliographic references : 2 p.

Collation : 2 fig., 3 tabl., 1 carte

Language

Anglais

Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1177/0042098013484526

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2014
Refdoc record number (ud4) : 28163673 : Permanent link - XML version
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