Randomized trial examines rental price effects of energy performance certificates in Prague’s market, suggesting economic potential for energy efficiency investments.
Key Points
This research aims to evaluate how energy performance certificates affect rental prices in Prague's residential market.
Analyzed 1,118 rental advertisements using a hedonic regression model.
Controlled for apartment total area, condition, location, and energy efficiency.
Examined variations in rental prices across different location segments.
Energy-efficient residential properties show a rental premium, varying by location.
In prime areas, factors like accessibility and prestige influence rents more than EPC ratings.
In less desirable areas, the impact of EPC ratings on rents is reduced.