This paper is motivated by two common challenges in hedonic price modeling: nonlinear price functions, which require flexible modeling approaches, and the inherent spatial heterogeneity in real estate markets. We apply additive mixed regression models (AMM) to estimate hedonic price equations...

I. Abschnitt: Einordnung des Thema -- 1. Problemstellung und Zielsetzung der Arbeit -- 2. Stand der empirischen Forschung und Definition der Forschungslücke -- 3. Gang der Untersuchung -- 4. Konzeptionelle Eingrenzung des Untersuchungsgegenstandes -- II. Abschnitt:...

Investoren, Kapital gebende Banken, Jahresabschlussprüfer, Versicherungen, Makler und Sachverständige der Immobilienbewertung - sie alle müssen in ihrer täglichen Bewertungspraxis regelmäßig dieselbe schwierige Frage beantworten: Was ist die Spezialimmobilie wert? Eine unreflektierte...

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...