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...

Purpose – This paper aims to investigate the effect of corporate social responsibility (CSR) ratings on the ex ante cost of capital of more than 2,300 listed US companies in a panel from 2003 to 2010. It examines whether financial markets value continuous investment in CSR activities through...

Properties with outstanding green features and their potential influence on increasing rents and values in the market place associated with higher economic performance on investments have been investigated on a global scale in the past. As a result the upside of green credentials is well...

In this contribution we establish hedonic pricing models integrating spatial effects. Based on prices for more than 52,000 residences in the Vienna region, which are arranged by postal code, we specify a hedonic regression model which explains the price structure in this sample. For this purpose...

Because of the changes in global climate, our civilization stands before some profound transformations which will affect all areas of our lives. In scientific circles it is now generally accepted that a significant portion of the climatic changes is due to human activity. However, up until now...

Because of the changes in global climate, our civilization stands before some profound trans-formations which will affect all areas of our lives. In scientific circles it is now generally accepted that a significant portion of the climatic changes is due to human activity. However, up until now...

Sustainability in cohesion with real estate investments is still at its initial stage. However, the topic has become more and more attractive over the last years within the field of research. A few prior studies have shown that companies, who act according to an ESG-Agenda, are characterised by...

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...