{"title":"捆绑前效应如何损害德国房屋销售中能源效率的市场溢价","authors":"R. Galvin","doi":"10.1080/09613218.2023.2176284","DOIUrl":null,"url":null,"abstract":"ABSTRACT Recent studies indicate that houses with higher energy efficiency usually have higher market prices, a ‘market premium for energy efficiency’. But in Germany the usefulness of this premium is confounded by the ‘prebound effect’: the gap between officially certificated energy ratings and actual energy consumption. Attempts have been made to close this gap from two complementary directions: downwards, by obtaining more accurate and less pessimistic technical estimates of idealised energy performance; and upwards, by estimating how much energy occupants realistically need for health and comfort. This study investigates prebound effects alongside an analysis of house prices in Germany, using a large database of house sale advertisements from 2007 to 2021, focusing on pre-1980 homes that were re-sold in 2019–2021. It uses ordinary least-squared multivariate regression to estimate market premiums for energy efficiency and sets these alongside estimates of prebound (and rebound) effects. It finds that prebound effects can lead purchasers to overestimate future energy savings and therefore pay more for properties than their actual worth. It also offers simple models to help purchasers interpret energy ratings more critically and estimate likely energy savings more realistically. Finally, it suggests how policymakers could modify energy ratings to reflect likely energy consumption more accurately.","PeriodicalId":55316,"journal":{"name":"Building Research and Information","volume":"51 1","pages":"501 - 517"},"PeriodicalIF":3.7000,"publicationDate":"2023-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":"{\"title\":\"How prebound effects compromise the market premium for energy efficiency in German house sales\",\"authors\":\"R. Galvin\",\"doi\":\"10.1080/09613218.2023.2176284\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"ABSTRACT Recent studies indicate that houses with higher energy efficiency usually have higher market prices, a ‘market premium for energy efficiency’. But in Germany the usefulness of this premium is confounded by the ‘prebound effect’: the gap between officially certificated energy ratings and actual energy consumption. Attempts have been made to close this gap from two complementary directions: downwards, by obtaining more accurate and less pessimistic technical estimates of idealised energy performance; and upwards, by estimating how much energy occupants realistically need for health and comfort. This study investigates prebound effects alongside an analysis of house prices in Germany, using a large database of house sale advertisements from 2007 to 2021, focusing on pre-1980 homes that were re-sold in 2019–2021. It uses ordinary least-squared multivariate regression to estimate market premiums for energy efficiency and sets these alongside estimates of prebound (and rebound) effects. It finds that prebound effects can lead purchasers to overestimate future energy savings and therefore pay more for properties than their actual worth. It also offers simple models to help purchasers interpret energy ratings more critically and estimate likely energy savings more realistically. Finally, it suggests how policymakers could modify energy ratings to reflect likely energy consumption more accurately.\",\"PeriodicalId\":55316,\"journal\":{\"name\":\"Building Research and Information\",\"volume\":\"51 1\",\"pages\":\"501 - 517\"},\"PeriodicalIF\":3.7000,\"publicationDate\":\"2023-02-20\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"5\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Building Research and Information\",\"FirstCategoryId\":\"5\",\"ListUrlMain\":\"https://doi.org/10.1080/09613218.2023.2176284\",\"RegionNum\":3,\"RegionCategory\":\"工程技术\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"CONSTRUCTION & BUILDING TECHNOLOGY\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Building Research and Information","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.1080/09613218.2023.2176284","RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CONSTRUCTION & BUILDING TECHNOLOGY","Score":null,"Total":0}
How prebound effects compromise the market premium for energy efficiency in German house sales
ABSTRACT Recent studies indicate that houses with higher energy efficiency usually have higher market prices, a ‘market premium for energy efficiency’. But in Germany the usefulness of this premium is confounded by the ‘prebound effect’: the gap between officially certificated energy ratings and actual energy consumption. Attempts have been made to close this gap from two complementary directions: downwards, by obtaining more accurate and less pessimistic technical estimates of idealised energy performance; and upwards, by estimating how much energy occupants realistically need for health and comfort. This study investigates prebound effects alongside an analysis of house prices in Germany, using a large database of house sale advertisements from 2007 to 2021, focusing on pre-1980 homes that were re-sold in 2019–2021. It uses ordinary least-squared multivariate regression to estimate market premiums for energy efficiency and sets these alongside estimates of prebound (and rebound) effects. It finds that prebound effects can lead purchasers to overestimate future energy savings and therefore pay more for properties than their actual worth. It also offers simple models to help purchasers interpret energy ratings more critically and estimate likely energy savings more realistically. Finally, it suggests how policymakers could modify energy ratings to reflect likely energy consumption more accurately.
期刊介绍:
BUILDING RESEARCH & INFORMATION (BRI) is a leading international refereed journal focussed on buildings and their supporting systems. Unique to BRI is a focus on a holistic, transdisciplinary approach to buildings and the complexity of issues involving the built environment with other systems over the course of their life: planning, briefing, design, construction, occupation and use, property exchange and evaluation, maintenance, alteration and end of life. Published articles provide conceptual and evidence-based approaches which reflect the complexity and linkages between cultural, environmental, economic, social, organisational, quality of life, health, well-being, design and engineering of the built environment.