S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin), Royal Institute of Technology Working Paper Series, Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin), Royal Institute of Technology

No 13/1:
Value of environmental factors and willingness to pay for green apartments in Sweden

Agnieszka Zalejska-Jonsson ()

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.

Keywords: residential buildings; green buildings; willingness to pay; purchasing decision; (follow links to similar papers)

JEL-Codes: D10; R21; (follow links to similar papers)

30 pages, March 13, 2013

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

WP201301.pdf    PDF-file
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Herman Donner ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:kthrec:2013_001 This page was generated on 2015-10-28 15:19:00