Journal article

The economic value of low-energy housing

H Wu, RH Crawford, G Warren-Myers, M Dave, M Noguchi

Pacific Rim Property Research Journal | Taylor & Francis Online | Published : 2016

Abstract

© 2016 Pacific Rim Real Estate Society. This paper explores a new perspective towards understanding barriers to ascertaining the economic value of low-energy housing. It examines why the economic value of low-energy housing is less transparent in active markets; this is investigated from the valuation principle perspectives of embodied energy and operational energy in residential dwellings. The focus is placed on the composition of energy consumption associated with the housing product life cycle. Low operational energy of a dwelling is linked to consumer preference by the inter-temporal value estimate of expected benefits. However, “low” embodied energy housing is an ecological construct an..

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