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Market Price Premium for Green Buildings: A Review of Empirical Evidence. Case Study

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New Metropolitan Perspectives (NMP 2020)

Part of the book series: Smart Innovation, Systems and Technologies ((SIST,volume 178))

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Abstract

In international and metropolitan real estate markets, it has been detected the growing relevance of Green Buildings with respect to non-Green Building. In this paper the green premium for buildings has been singled out and then quantified through a market analysis of an urban central area of Reggio Calabria (Italy), i.e. the positive differential in terms of higher price toward sold real estate units having ecological characteristics and energy efficiency. This goal has been pursued comparing the results obtained by different methods: Multiple Regression Analysis (MRA), Appraisal System Approach (ASA) and Market Comparison Approach (MCA).

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Acknowledgements

The authors contributed equally to the study.

Author information

Authors and Affiliations

  1. Department of Industrial Engineering, University of Naples “Federico II”, Piazzale Vincenzo Tecchio 80, 80125, Naples, Italy

    Vincenzo Del Giudice & Pierfrancesco De Paola

  2. Department of Patrimony Architecture and Urbanism, Mediterranea University of Reggio Calabria, Via Melissari 25, 89124, Reggio Calabria, Italy

    Domenico Enrico Massimo, Manuela De Ruggiero & Mariangela Musolino

  3. Department of Environmental and Chemical Engineering, University of Calabria, Via Pietro Bucci, 87036, Arcavacata di Rende, Italy

    Francesca Salvo

Authors
  1. Vincenzo Del Giudice
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  2. Domenico Enrico Massimo
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  3. Francesca Salvo
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  4. Pierfrancesco De Paola
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  5. Manuela De Ruggiero
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  6. Mariangela Musolino
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Corresponding author

Correspondence to Pierfrancesco De Paola .

Editor information

Editors and Affiliations

  1. Mediterranea University of Reggio Calabria, Reggio Calabria, Reggio Calabria, Italy

    Carmelina Bevilacqua

  2. Mediterranea University of Reggio Calabria, Reggio Calabria, Reggio Calabria, Italy

    Francesco Calabrò

  3. Mediterranea University of Reggio Calabria, Reggio Calabria, Reggio Calabria, Italy

    Lucia Della Spina

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Del Giudice, V., Massimo, D.E., Salvo, F., De Paola, P., De Ruggiero, M., Musolino, M. (2021). Market Price Premium for Green Buildings: A Review of Empirical Evidence. Case Study. In: Bevilacqua, C., Calabrò, F., Della Spina, L. (eds) New Metropolitan Perspectives. NMP 2020. Smart Innovation, Systems and Technologies, vol 178. Springer, Cham. https://doi.org/10.1007/978-3-030-48279-4_115

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