Economic impact of environmental efficiency on sales price and used transaction price of apartment buildings empirical analysis using the assessment data of CASBEE Yokohama
Abstract The aim of this study is to analyze the effects of environmental efficiency of buildings on real estate prices. Therefore, based on the Comprehensive Assessment System for Built Environment Efficiency (CASBEE) of the local government, we investigated 485 apartment buildings assessed by CASB...
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| Format: | Article |
| Language: | English |
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Wiley
2021-04-01
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| Series: | Japan Architectural Review |
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| Online Access: | https://doi.org/10.1002/2475-8876.12211 |
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doaj-5495975ec3d8423295e084ca5e926b372021-05-03T05:05:59ZengWileyJapan Architectural Review2475-88762021-04-014231331910.1002/2475-8876.12211Economic impact of environmental efficiency on sales price and used transaction price of apartment buildings empirical analysis using the assessment data of CASBEE YokohamaHideyuki Takada0Yoshikuni Yoshida1Shun Kawakubo2Ayuta Yamaguchi3Graduate School of Frontier Sciences The University of Tokyo Kashiwa‐shi Chiba JapanGraduate School of Engineering The University of Tokyo Tokyo JapanFaculty of Engineering and Design Department of Architecture Hosei University Tokyo JapanUrban Renaissance Agency Tokyo JapanAbstract The aim of this study is to analyze the effects of environmental efficiency of buildings on real estate prices. Therefore, based on the Comprehensive Assessment System for Built Environment Efficiency (CASBEE) of the local government, we investigated 485 apartment buildings assessed by CASBEE Yokohama. The analysis results revealed the following three points: When the Built Environment Efficiency (BEE) value increased by one point, the average unit price increased by 5.5%. A one‐point increase in the BEE value has a positive impact of 1.63% on the annual rate of change of used transaction price. It is economically advantageous to purchase an apartment building with a high BEE value when considering future sales.https://doi.org/10.1002/2475-8876.12211CASBEEeconomic impactenvironmental efficiencysales price of apartment buildingused transaction price of apartment building |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Hideyuki Takada Yoshikuni Yoshida Shun Kawakubo Ayuta Yamaguchi |
| spellingShingle |
Hideyuki Takada Yoshikuni Yoshida Shun Kawakubo Ayuta Yamaguchi Economic impact of environmental efficiency on sales price and used transaction price of apartment buildings empirical analysis using the assessment data of CASBEE Yokohama Japan Architectural Review CASBEE economic impact environmental efficiency sales price of apartment building used transaction price of apartment building |
| author_facet |
Hideyuki Takada Yoshikuni Yoshida Shun Kawakubo Ayuta Yamaguchi |
| author_sort |
Hideyuki Takada |
| title |
Economic impact of environmental efficiency on sales price and used transaction price of apartment buildings empirical analysis using the assessment data of CASBEE Yokohama |
| title_short |
Economic impact of environmental efficiency on sales price and used transaction price of apartment buildings empirical analysis using the assessment data of CASBEE Yokohama |
| title_full |
Economic impact of environmental efficiency on sales price and used transaction price of apartment buildings empirical analysis using the assessment data of CASBEE Yokohama |
| title_fullStr |
Economic impact of environmental efficiency on sales price and used transaction price of apartment buildings empirical analysis using the assessment data of CASBEE Yokohama |
| title_full_unstemmed |
Economic impact of environmental efficiency on sales price and used transaction price of apartment buildings empirical analysis using the assessment data of CASBEE Yokohama |
| title_sort |
economic impact of environmental efficiency on sales price and used transaction price of apartment buildings empirical analysis using the assessment data of casbee yokohama |
| publisher |
Wiley |
| series |
Japan Architectural Review |
| issn |
2475-8876 |
| publishDate |
2021-04-01 |
| description |
Abstract The aim of this study is to analyze the effects of environmental efficiency of buildings on real estate prices. Therefore, based on the Comprehensive Assessment System for Built Environment Efficiency (CASBEE) of the local government, we investigated 485 apartment buildings assessed by CASBEE Yokohama. The analysis results revealed the following three points: When the Built Environment Efficiency (BEE) value increased by one point, the average unit price increased by 5.5%. A one‐point increase in the BEE value has a positive impact of 1.63% on the annual rate of change of used transaction price. It is economically advantageous to purchase an apartment building with a high BEE value when considering future sales. |
| topic |
CASBEE economic impact environmental efficiency sales price of apartment building used transaction price of apartment building |
| url |
https://doi.org/10.1002/2475-8876.12211 |
| work_keys_str_mv |
AT hideyukitakada economicimpactofenvironmentalefficiencyonsalespriceandusedtransactionpriceofapartmentbuildingsempiricalanalysisusingtheassessmentdataofcasbeeyokohama AT yoshikuniyoshida economicimpactofenvironmentalefficiencyonsalespriceandusedtransactionpriceofapartmentbuildingsempiricalanalysisusingtheassessmentdataofcasbeeyokohama AT shunkawakubo economicimpactofenvironmentalefficiencyonsalespriceandusedtransactionpriceofapartmentbuildingsempiricalanalysisusingtheassessmentdataofcasbeeyokohama AT ayutayamaguchi economicimpactofenvironmentalefficiencyonsalespriceandusedtransactionpriceofapartmentbuildingsempiricalanalysisusingtheassessmentdataofcasbeeyokohama |
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1721483150314438656 |