REP Publishes Major New Findings on Link Between Energy Efficiency and House Prices

26 April 2013

REP Publishes Major New Findings on Link Between Energy Efficiency and House Prices

Working for the Department of Energy and Climate Change, researchers from Cambridge, UCL and Reading Universities have found the first concrete evidence of a link between energy efficiency measures in the home and the...

Working for the Department of Energy and Climate Change, researchers from Cambridge, UCL and Reading Universities have found the first concrete evidence of a link between energy efficiency measures in the home and the property prices. Although on the face of it this link might seem obvious, the difficulty for researchers has been trying to control for other factors; installing double-glazing or a new boiler is often combined with more general home improvements which would lead to an increase in value. Using a very large data set and as much information as possible about the features that are known to influence house prices, this research is the first to show that there is a consistent increase in house price associated with higher EPC ratings. Read the paper here: Fuerst, F., McAllister, P., Nanda, A. and Wyatt, P. (2013) Is Energy Efficiency Priced in the Housing Market? Some Evidence from the United Kingdom Working Papers in Real Estate & Planning. 01/13. Working Paper. University of Reading, Reading. pp35

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