The impact of EPC rankings on the Spanish residential market: an analysis for Barcelona, Valence and Alicante

Authors

  • Carlos Marmolejo-Duarte
  • Ai Chen

Keywords:

Energy Performance Certificates, energy certification, housing prices, Barcelona, Valencia, Alicante

Abstract

This paper studies whether the impact of EPC is the same in three Spanish metropolises different in size. In doing so, a hedonic analysis is carried out departing from all the listing information containing EPC data coming from one of the largest real estate listing webs. The results suggest: firstly, in Barcelona the impact of EPC rankings is larger than evidence coming from previous research, this finding indicates a progress on the effectiveness of the energy policy behind the EPC scheme as foreseen by the Energy Performance of Buildings Directive; secondly, in Valence, where the energy ranking diversity is small and efficient apartments are scarce the impact is larger; conversely, in Alicante there is a reverted effect, since the less efficient apartments are sold at a larger price, this unexpected finding may be originated by anomalies in the advertising of energy rankings. All in all, imply important challenges for the energy policy in Spain.

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Published

2019-03-25

How to Cite

Marmolejo-Duarte, C., & Chen, A. (2019). The impact of EPC rankings on the Spanish residential market: an analysis for Barcelona, Valence and Alicante. Ciudad Y Territorio Estudios Territoriales, 51(199), 101–118. Retrieved from https://recyt.fecyt.es/index.php/CyTET/article/view/76717

Issue

Vol. 51 No. 199 (2019): CyTET primavera 2019

Section

Articles

License

Copyright (c) 2019 Carlos Marmolejo-Duarte, Ai Chen

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