Katafygiotou, M.; Protopapas, P.; Dimopoulos, T. How Sustainable Design and Awareness May Affect the Real Estate Market. Sustainability2023, 15, 16425.
Katafygiotou, M.; Protopapas, P.; Dimopoulos, T. How Sustainable Design and Awareness May Affect the Real Estate Market. Sustainability 2023, 15, 16425.
Katafygiotou, M.; Protopapas, P.; Dimopoulos, T. How Sustainable Design and Awareness May Affect the Real Estate Market. Sustainability2023, 15, 16425.
Katafygiotou, M.; Protopapas, P.; Dimopoulos, T. How Sustainable Design and Awareness May Affect the Real Estate Market. Sustainability 2023, 15, 16425.
Abstract
During the last years the desire and the need for green buildings have been increased. The rise of energy cost, the higher transportation expenses and the international challenges along with the climate change are related with the green buildings market but are also affecting the cost of construction.
The aim of this research is to discover and confirm the increased request of green properties and to investigate whether this is related to a new need or just a desire of the buyers. Moreover, the paper examines the people’s knowledge of greenness and sustainability and their wish to live and work in sustainable buildings. Finally, do the buyers will to pay extra in order to purchase a sustainable property and how sustainability can affect the market value and the construction industry.
The participants who took part in this research were people that are living and working in Cyprus. One of the significant outcomes was the fact that people who have the knowledge and awareness related to sustainability are willing to pay extra to purchase green properties.
Keywords
green buildings; sustainable buildings; valuation; real estate
Subject
Engineering, Architecture, Building and Construction
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
