This paper investigates whether energy performance ratings, as measured by mandatory Energy Performance Certificates (EPCs), are reflected in the sale prices of residential properties. This is the first large-scale empirical study of this topic in the UK involving approximately 400,000 dwellings...

While Machine Learning (ML) excels at predictive tasks, its inferential capacity is limited due to its complex non-parametric structure. This paper aims to elucidate the analytical behavior of ML through Interpretable Machine Learning (IML) in a real estate context. Using a hedonic ML approach...