1. ANALYSIS OF THE BUCHAREST RESIDENTIAL MARKET THROUGH THE LENS OF RETROFITTED APARTMENTS.
- Author
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CIORA, Costin, ANGHEL, Ion, and CUREA, Ştefania -. Cristina
- Subjects
RESIDENTIAL real estate ,APARTMENTS ,HOME energy use ,ENERGY consumption ,ROMANIAN economy - Abstract
Retrofitting apartments represents an important necessity for Bucharest, as the city's main body of residential construction was built during the communist era. The purpose of this paper is to reiterate the necessity of retrofitting apartments in Bucharest, through an analysis on the residential market on a large data sample of 19.795 transactions with apartments between 2013 and 2017. 19% of the sample consists of retroffited apartments. Our analysis included spatial references relative to both retrofitted and non-retrofitted apartments, in order to include in the discussion whether there is a random distribution on the decision to retrofit the main constructions. The importance of retrofitting apartments, comes not only from the energy efficiency and cost for owners, but also to how they are transactioned in the market. [ABSTRACT FROM AUTHOR]
- Published
- 2018