Does energy efficiency matter to real estate-consumers? Survey evidence on willingness to pay from a cost-optimal analysis in the context of a developing country

摘要: Abstract In most countries, energy efficiency at the residential level has been largely delegated to dynamics of real-estate markets after setting a minimum level. This regulatory definition is in certain cases supplemented by performance certificates, such as case European Union. approach based on understanding that avoided energy-consumption costs positively affect willingness pay for them, thus leading higher prices capable offsetting production and thereby encouraging developers. The private housing market Santiago de Chile was selected reference developing country which although they exist an instrument, are not required be applied property transactions. However, unlike research performed developed it difficult analyse price formation using methods observed preferences areas there few energy-certified buildings. Using technique contingent valuation, method stated preferences, enables one overcome this difficulty. article investigates improvements buyers new homes representative investment/operation cost analysis. addressed open debate convenience modifying national construction code rethinking certification scheme well exploratory study undercover further lines support aforementioned discussion. results suggests number potential home ready when informed savings associated structural modifications providing monolithic across respondents, but seems influenced education plausibly purchase power.