TY - JOUR
T1 - Does district heating affect residential property prices? Case study of an urban area in South Korea
AU - Kim, Ju Hee
AU - Lim, Seul Ye
AU - Yoo, Seung Hoon
N1 - Publisher Copyright:
© 2023 Elsevier Ltd
PY - 2023/8
Y1 - 2023/8
N2 - This article investigates whether the residential heating method affects property prices in an urban area of South Korea. Sales data for 1760 apartments in Seocho District, Seoul, the country's capital, are employed. The property price equation is estimated, including the heating method as one attribute. The gap between the price of properties with a district heating system (DHS) and those with other heating methods, such as an individual heating system or central heating system, accounted for about 21.7% of apartment prices. Specifically, apartments with a DHS were more expensive than apartments with other heating methods.
AB - This article investigates whether the residential heating method affects property prices in an urban area of South Korea. Sales data for 1760 apartments in Seocho District, Seoul, the country's capital, are employed. The property price equation is estimated, including the heating method as one attribute. The gap between the price of properties with a district heating system (DHS) and those with other heating methods, such as an individual heating system or central heating system, accounted for about 21.7% of apartment prices. Specifically, apartments with a DHS were more expensive than apartments with other heating methods.
KW - District heating system
KW - Hedonic price technique
KW - Residential heating method
UR - https://www.scopus.com/pages/publications/85162203310
U2 - 10.1016/j.jup.2023.101611
DO - 10.1016/j.jup.2023.101611
M3 - Article
AN - SCOPUS:85162203310
SN - 0957-1787
VL - 83
JO - Utilities Policy
JF - Utilities Policy
M1 - 101611
ER -
