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Alois Weigand
Last Name
Weigand
First name
Alois
Email
alois.weigand@unisg.ch
ORCID
Phone
+41 71 224 7059
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PublicationDas gestresste Immunsystem der Immobilienmärktereport 02 2022 Das gestresste Immunsystem der Immobilienmärkte Mit Beginn der Covid-19-Pandemie war ein direkter Einfluss auf die Märkte für Gewerbeimmobilien, Wohnliegenschaften sowie Hypotheken spürbar. Ein Autorenteam der Universität St. Gallen zeigt auf, dass das Virus sich als Stresstest auf die als krisenfest geltenden Immobilien ausgewirkt hat. Sie beschreiben milde und schwerere Krisenverläufe der einzelnen Immobilienarten sowie unterschiedliche Zukunftsszenarien.Type: newspaper articleJournal: Absolut ReportVolume: 2022Issue: 2
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PublicationResidential Rent Externalities of Photovoltaic Systems: The Relevance of ViewWe study how photovoltaic (PV) systems externally affect the rents of residential dwellings. By creating a three-dimensional topographical model of our study areas in Switzerland, we model each building’s view at surrounding PV installations and merge this data with rental price observations. In the hedonic difference-in-differences regressions, we provide evidence of how this view (impaired or unimpaired) on a PV system is associated with lower residential rents. This effect is stronger for the view at multiple PV systems rather than at a single one, in situations where seeing is more likely, and where PV installations disrupt a scenic view. However, price penalties are attenuated if rental dwellings have their own PV system or if neighboring properties have large PV systems, which may benefit surrounding tenants in terms of electricity provision. Furthermore, by using municipal voting results on the Swiss Energy Act 2017 and the Swiss CO2 Act in 2021, we show how stated preferences for sustainability drive the external effects of PV systems on rents. We document a similar causal pathway for lived preferences measured by the number and change in electric vehicles in Swiss municipalities.Type: working paperVolume: 23Issue: 100