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How does energy efficiency influence the Market Value of office buildings in Germany and does this effect increase
over time?

Surmann, Markus ; Brunauer, Wolfgang ; Bienert, Sven


Purpose – The paper aims to estimate the effect of energy efficiency on the Market Value of office buildings and consider whether this effect increases over time. Design/methodology/approach – The authors analyze a dataset of office building valuations from 2009 to 2011, provided by the German Investment Property Database. The authors use hedonic regression models to determine the effect of ...


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