The influence of sustainable features on liquidity of houses in the Czech Republic
Loading...
Date
2021-02-17
ORCID
Advisor
Referee
Mark
Journal Title
Journal ISSN
Volume Title
Publisher
IOP Publishing
Altmetrics
Abstract
The construction industry has a significant impact on the environment, and it especially affects the level of greenhouse gases. It also reduces the greenhouse gases through constructing and operating sustainable buildings. Sustainable buildings include buildings that meet basic sustainable principles, namely environmental, social, and economic. Sustainable buildings are very often associated with certified buildings (LEED, BREEAM). However, sustainable buildings do not have to be certified to fulfill the idea of sustainability. The question is, how much does sustainability affect the selling prices of houses. A database of 570 sold houses in the district of Brno – venkov in the period of years 2017 - 2019 was compiled. It was found that 5.6% of the houses featured some sustainable aspects, such as heat recovery systems, natural construction materials and all alternative technologies. The factors of liquidity were considered and evaluated. In case of the sustainable houses 3.0 % higher P (difference between asking and market price) was detected. Influence on time on the market was not proven. Based on ANOVA analysis, the impact of sustainable features of houses on the selling prices was not found. Analysis was carried out by a semi-database of 122 houses sold in the year 2017.
Description
Citation
IOP Conference Series: Earth and Environmental Science. 2021, vol. 656, issue 1, p. 1-7.
https://iopscience.iop.org/article/10.1088/1755-1315/656/1/012003
https://iopscience.iop.org/article/10.1088/1755-1315/656/1/012003
Document type
Peer-reviewed
Document version
Published version
Date of access to the full text
Language of document
en