WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 15, 2018
The Value Of the Energy Retrofit in the Italian Housing Market: Two Case-Studies Compared
Authors: Pierluigi Morano, Francesco Tajani, Felicia Di Liddo, Claudio Guarnaccia
Abstract: The important role of the buildings energy issue, recognized by the current international policies, is confirmed by the strategies employed in different European countries to promote energy efficiency measures. With reference to two samples of residential properties recently sold in the two Italian cities of Bari (Southern Italy) and Bolzano (Northern Italy), located in different areas in terms of the socio-economic and climatic factors, in the present research an econometric analysis to verify the contribution of the energy performance on the residential selling prices is implemented. The proposed methodology and the results obtained constitute a useful support for both the Public Institutions, interested in testing the effectiveness of the energy policies already activated and planning the future incentives, and the private operators, who can appropriately perform their investment decisions by taking into account the increase in the market values expected by the energy retrofit initiatives.
Keywords: energy policy, housing energy-efficiency retrofit, property value, housing market, genetic algorithm
Pages: 249-258WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 15, 2018, Art. #24