The Directive 2002/91/EC of the European Parliament and of the Council of 16 December 2002 (Energy Performance of Buildings Directive, EPD) requires member states to introduce an energy certification in order to reduce energy consumption in buildings. This new directive should help reveal saving...

In this contribution we establish hedonic pricing models integrating spatial effects. Based on prices for more than 52,000 residences in the Vienna region, which are arranged by postal code, we specify a hedonic regression model which explains the price structure in this sample. For this purpose...

Optimizing service charges has become an important task for enterprises. Since these costs represent a major share in a companyís cost structure it is very important to be aware of the origin and cost drivers of this factor. Therefore the analysis of service charges is inevitable but often...

In this paper we model small-scale (micro) location variables using geographic information systems (GIS). These variables include information that is usually not available on a small scale from public sources, for example residential environment, noise, accessibility or elevation. The modeling...

In this paper we derive hedonic regression models for single family homes that account for nonlinearity in price functions as well as spatial heterogeneity. House prices belong to four hierarchical levels of spatial units: Census tracts (level 1), municipalities (level 2), districts (level 3)...

Properties with outstanding green features and their potential influence on increasing rents and values in the market place associated with higher economic performance on investments have been investigated on a global scale in the past. As a result the upside of green credentials is well...