August 11, 2025EnergiesOpen Access

Residential Heating Method and Housing Prices: Results of an Empirical Analysis in South Korea

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Apartments with district heating systems are valued on average KRW 92 million higher than those with individual heating systems.
The price difference reflects about KRW 849 thousand per m2, indicating strong statistical significance at the 5% level.
Hedonic price equation was utilized, controlling for various housing attributes and comparing multiple regression models.
These findings imply that district heating systems enhance housing prices, showcasing its role as essential urban infrastructure.

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Implication

Empirical analysis reveals a KRW 92 million price increase for apartments with district heating systems, suggesting its significant influence on housing values.

Cite This Study

Noh et al. (2025) studied this question.

synapsesocial.com/papers/68c23528b210217d6476f61c https://doi.org/10.3390/en18143809

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Implication

Empirical analysis reveals a KRW 92 million price increase for apartments with district heating systems, suggesting its significant influence on housing values.

Residential Heating Method and Housing Prices: Results of an Empirical Analysis in South Korea

Key Points

Discussion

Implication

Cite This Study

Residential Heating Method and Housing Prices: Results of an Empirical Analysis in South Korea

Key Points

Discussion

Implication

Cite This Study

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Also Consider