The Central European countries have experienced a decade of economic expansion succeeding the transition from previous state-commanded regime. Development of the markets together with subsequent economic integration provoked a fundamental reconstruction within their economies. This paper focuses...

In this paper we deal with the question of whether there exists an incentive for landlords to invest into energy efficiency of buildings in the Austrian real estate market. We discuss the general framework of the issue, which is characterized by the fact that landlords control the energy...

The issue of whether or not the real estate market is efficient has been debated extensively in recent years. We use a meta-analysis to shed light on the issue. A sample of studies published from 1984 is used to examine the robustness of the evidence regarding efficiency of the real estate...

In this paper we discuss the question whether or not the real estate market is efficient. We define market efficiency and the efficient market hypothesis as it had been developed in the literature on financial markets. Then, we discuss the empirical evidence that exists concerning the efficiency...

The hedonic price method is well established as a method for deriving real estate price indices and for identifying the factors that influence real estate prices in the market. Despite a close relationship to the traditional sales comparison approach and conceptual and statistical advantages,...

Despite of the recent dynamics in green building movement in Central and Eastern Europe (CEE), there is little scientific evidence of the actual demand for green office space and market value of green building certificates. Contrary to the US and UK, where there is enough market data for hedonic...

"This paper analyses the behaviour of suppliers and customers in the electronic real estate platform ""immobilien.net"" in Austria. Suppliers (real estate agents) post their offers on this Internet platform. When doing this they decide not only about the published asking price, but also about...

In this paper we investigate the relationship between heating costs and rent in the Austrian rental housing market. More specifically, we test the hypothesis derivable from basic economic considerations that housing units with lower heating costs are more attractive and can therefore generate...

"This paper deals with the question whether the ""Green Building Councils"" that have been founded in many countries of the world serve an economic purpose or are just fashionable at the moment. From a theoretical point of view we will investigate the economic environment of green building...

The Green Building movement has gained considerable strength in Central and Eastern Europe (CEE) in recent years. Green Building Councils have been created in almost all countries and various certification schemes have been introduced. Many developers who are active in the region have joined the...