Going Green - Impact On Residential Property Values

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Title: Going Green - Impact On Residential Property Values
Author: Aroul, Ramya Rajajagadeesan
Abstract: Hedonic pricing model is generally used to empirically understand the relationship between various housing characteristics and the housing values . In the past hedonic studies have looked at the relationship between the housing prices and structural features , environmental amenities , neighborhood characteristics , time variables and even financing . But real estate researchers have greatly overlooked to study the impact of greenness on residential properties though there has been a huge interest among the researchers and practitioners on green buildings . This study poses the primary question of if any potential relationship exists between greenness and property values . This study further extends the research question to find out if there is any impact on property values as a result of the mandatory green building programs . The study finds significant positive relationship between the greenness and the residential property prices . The study also finds significant positive relationship between greenness in Frisco adding premium to the property values .
URI: http : / /hdl .handle .net /10106 /1786
Date: 2009-09-16

Citation

Going Green - Impact On Residential Property Values. Available electronically from http : / /hdl .handle .net /10106 /1786 .

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