Graduation Semester and Year

2009

Language

English

Document Type

Thesis

Degree Name

Master of Science in Real Estate

Department

Finance

First Advisor

Andrew Hansz

Abstract

Hedonic pricing model is generally used to empirically understand the relationship between various housing characteristics and the housing values. In the past hedonic studies have looked at the relationship between the housing prices and structural features, environmental amenities, neighborhood characteristics, time variables and even financing. But real estate researchers have greatly overlooked to study the impact of greenness on residential properties though there has been a huge interest among the researchers and practitioners on green buildings. This study poses the primary question of if any potential relationship exists between greenness and property values. This study further extends the research question to find out if there is any impact on property values as a result of the mandatory green building programs. The study finds significant positive relationship between the greenness and the residential property prices. The study also finds significant positive relationship between greenness in Frisco adding premium to the property values.

Disciplines

Business | Finance and Financial Management | Real Estate

Comments

Degree granted by The University of Texas at Arlington

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