Modelos de transposición de las Directivas 2002/91/CE y 2010/31/UE “Energy Performance Building Directive” en los Estados miembros de la UE. Consecuencias e implicaciones

García-Hooghuis, Alejandra; Neila, F. J.

doi:10.3989/ic.12.017

Cited by 16 publications

(10 citation statements)

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“…In Spain, the 2010 EPBD transposition occurred in extremely adverse conditions: (1) the Spanish Government hurried to implement the new labelling system due to the threat to taking it to the European Court for having not transposed the recast of the EPBD in time [40]; (2) the large deficit of public finances did not allow to make the necessary diffusion of the new EPC. As a matter of fact, when EPC labels became mandatory, most of the Spanish regions had not implemented the public register where EPC must be recorded [41].…”

Section: Implementation Of the Epc Scheme In Spainmentioning

confidence: 99%

The Relevance of EPC Labels in the Spanish Residential Market: The Perspective of Real Estate Agents

et al. 2020

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Assessment regarding the impact of Energy Performance Certificates (EPC) on the residential market is largely inconclusive; while the majority of hedonic analyses have found EPC ratings to be correlated with prices, opinion-based research has found a negligible impact on prices and other marketing variables. Using the opinion of qualified real estate agents, this paper explores whether, in Spain, EPC labels play any role in housing marketing, as well as the policy changes required to foster efficient dwellings. The results reveal a large misunderstanding of the EPC labels, since they are seen as a global home-quality indicator, while their impact on residential marketing is quite poor. Apparently, both supply and demand place a small interest in energy performance, although it is slightly larger for sellers/buyers in relation to lenders/tenants. In any case, EPC labels are far from blurring the energy information asymmetry, since most of the buyers/tenants are informed of the EPC rating after having selected their home. Overall, the EPC scheme has a poor reputation exacerbated by inaccuracies, unintelligible units to express the financial and environmental implications of energy efficiency, and an apparent weak supervision. These findings stress the need to improve the scheme; in doing so, realtors suggest the need for some companion policies.

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Section: Implementation Of the Epc Scheme In Spainmentioning

confidence: 99%

The Relevance of EPC Labels in the Spanish Residential Market: The Perspective of Real Estate Agents

et al. 2020

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“…So far, there is a great divergence, yet inconclusive evidence, regarding the impact of EPCs on residential values across Europe, perhaps explained by the important differences in terms of income, energy costs, construction regulations/traditions, climate, and environmental concerns. Furthermore, the way the EPBD has been transposed across the countries has resulted in divergent calculation methods, often supported by previous national regulations, making it difficult to assess cross-border comparisons [23]. In this context in Spain there are two pioneering works in the study of the hedonic agenda of the EPC ratings.…”

Section: The Impact Of Energy Ratings On Pricesmentioning

confidence: 99%

“…It is possible that behind these divergences are the differences in real estate prices, cost of energy, income level (in relation to the previous two), climatic differences and environmental concerns. These comparisons should be made with caution, because although the European legal framework is the same, there are differences in the national transposition of the regulations and more specifically in the way of calculating energy EPC ratings [23].…”

Section: Conclusion Policy Implications and Limitationsmentioning

confidence: 99%

The Uneven Price Impact of Energy Efficiency Ratings on Housing Segments. Implications for Public Policy and Private Markets

Duarte

2019

Sustainability

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In the literature, there is extensive, although in some cases inconclusive, evidence on the impact of Energy Performance Certificates (EPC) on housing prices. Nonetheless, the question of whether such an impact is homogenous across residential segments remains highly unexplored. This paper addresses this latter issue utilizing multifamily listing data in metropolitan Barcelona. In doing so, first the entire sample is analyzed using a hedonic model. Second, the sample is split on the basis of a multivariate segmentation. Finally, separated hedonic models are specified again. The results suggest that in general, there is a modest impact of EPC ratings on listing prices, nonetheless it is not homogeneous across housing segments: (1) for the most modern apartments, with state-of-the-art features and active environmental comfort, energy ratings seem to play a null role in the formation of prices; (2) conversely, for the cheapest apartments, apartments boasting the most basic features, and apartments located in low-income areas, the "brown discount" is enormously significant, potentially depreciating the equity of those who have the least resources to carry out an energy retrofit. These results have implications for the assessment of the EPBD and its Spanish transposition, since a very well-intentioned environmental policy could have potentially harmful social repercussions in the absence of corrective measures.Commission saw the EPC scheme as "a power tool to create a demand-driven market for energy efficient buildings (p. 5) [6].Among all the real estate markets, the residential one is a special case since, due to the size of its stock, it consumes much more energy than commercial properties [7]. In the literature, there is extensive, yet in some case inconclusive, evidence regarding the existence of market premiums for efficient homes. According to the studies reviewed in the next section, home selling prices can vary up to 30.5% (for rating A, the most efficient one, in relation to rating G as the most inefficient) in the Danish case [8] or as little as 5% (A/G) in the case of the Irish renting market [9]. However, there is evidence suggesting that EPC labels do not play any role in price discrimination in the Oslo market [1]. Differences in climate and energy costs in relation to home prices and, perhaps, environmental concerns may be behind such divergences. As such, there are no reasons to believe that the impact of EPC labels is stationary across housing segments within the same city, where household budgets, personal tastes, and priorities, as well as home attributes and prices also vary in a significant manner. As a matter of fact, in the office market, there is evidence suggesting that "green labels" are contingent to characteristics of buildings in the determination of prices [10].The aim of this paper is to test whether the impact of EPC ratings on housing prices is the same in different market segments within a city. This analysis is relevant since the identification of divergent impacts may help to orien...

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“…ISSN-L: 0020-0883. doi: http://dx.doi.org/10.3989/ic. 16.053 que en las zonas más centrales (y generalmente con el parque residencial más antiguo y en ocasiones en peores condiciones de conservación) las viviendas tienen una baja calificación energética.…”

Section: The Incidence Of the Energy Rating On Residential Values: Anunclassified

La incidencia de la calificación energética sobre los valores residenciales: un análisis para el mercado plurifamiliar en Barcelona

Duarte¹

2016

Inf. constr.

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La incidencia de la calificación energética sobre los valores residenciales: un análisis para el mercado plurifamiliar en Barcelona RESUMENEste artículo estudia de forma pionera en España la incidencia de la calificación energética sobre los valores residenciales. Para ello se analizan, mediante un modelo hedónico, datos de precios de venta de la Barcelona metropolitana. Los resultados sugieren que pasar de una calificación G a una A incrementa el valor en un 5,11 %, equivalente de media a 16,07 euros/m 2 /escalón (aunque existe un extra para las viviendas A). Este sobrevalor es, en términos relativos, muy inferior al de otras ciudades europeas y, en términos absolutos, menor que los sobrecostes relativos una mejora en la calificación energética reportados previamente. Además, la enorme ausencia de información energética en la comercialización parece responder a una estrategia para ocultar la pobre calificación del parque edificado y agravar la asimetría informativa. Todo junto ensombrece la eficacia de la Directiva Europea de Eficiencia Energética tal como ha sido transpuesta en nuestro país, y clama por su rediseño.

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Modelos de transposición de las Directivas 2002/91/CE y 2010/31/UE “Energy Performance Building Directive” en los Estados miembros de la UE. Consecuencias e implicaciones

Cited by 16 publications

References 0 publications

The Relevance of EPC Labels in the Spanish Residential Market: The Perspective of Real Estate Agents

The Relevance of EPC Labels in the Spanish Residential Market: The Perspective of Real Estate Agents

The Uneven Price Impact of Energy Efficiency Ratings on Housing Segments. Implications for Public Policy and Private Markets

La incidencia de la calificación energética sobre los valores residenciales: un análisis para el mercado plurifamiliar en Barcelona

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