Based on more than 10.000 observations of rental flats in Vienna, collected from 2004 to 2006, we apply Bayesian structured additive regression models to estimate hedonic price equations. For this purpose we use explanatory variables such as the buildingís year of construction, its total floor...

Eventually the sustainability movement has achieved the real estate industry. Since the íStern Reviewî was published in 2006 governments all over the world are trying to reduce the most obvious ecological hazards that are responsible for the climate change. While the existing building stock...

"The construct ""Mortgage Lending Value"" (MLV) is used almost exclusively within the German-speaking countries. In contrast, until today most other countries haven't paid much attention to this value.1 When funding real estate investments, it is in most cases sufficient to calculate the market...

A green agenda turned into a growing subject throughout an increasing number of European listed real estate companies over the last decade. However, the focus on sustainability is probably not only goodwill or partly legislation driven, instead moreover a benefit driven action to achieve a...

Terms such as sustainability, climate change or green buildings belong in the meantime no longer to the exotic foreign words, they became rather common. The focus of the building and real estate economy is in change, which is subject not only to the time, but above all the circumstances....

Every year natural hazards cause damages to the building stock amounting to millions or even billions of Euros in Germany. The accelerating climate change involves an increasing number of extreme weather events with adherent additional issues. These extreme weather events lead to restrictions of...

In terms of climate change mitigation, the response of the property sector is apparent by the diffusion of green buildings. Hence, it is necessary to analyse its diffusion pattern in order to identify the current stage of adoption. By now, the focus of the green building diffusion literature...

The lack of financial drivers are preventing significant investment in sustainability because stakeholders have no ability to measure the sustainability of the building or understand the impact upon the value. Valuers are unable to indicate or clarify whether sustainability is affecting the...

As the real estate industry is responsible for about 40% of the economy's end energy consumption, its potential to contribute to a sustainable development is accordingly high. In terms of climate change mitigation, the response of the property sector is apparent by the diffusion of green...

The importance of lowering the ecological footprint of human kind to a sustainable level is meanwhile unquestionable. The number of green products is increasing, but the product itself is not sufficient to reduce the ecological imbalance. Since life-cycle-assessments and life-cycle-cost...