The place of green certified buildings in the housing market: An assessment of price and supply dynamics

Date

2025-6-17

Author

Güler, Elif

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Climate change threatens the built environment by increasing the frequency and severity environmental disasters. At the same time, buildings contribute to the climate crisis, accounting for 37% of global energy consumption. This mutual interaction reveals the need for sustainable solutions in the housing sector. Therefore, green building certification systems stand out as a critical tool to reduce environmental impacts. However, the potential at the urban scale is shaped not only by environmental concerns but also by market conditions, production processes and user behavior. This study analyzes the position of green certified housing in Türkiye’s housing market through the lens of price and supply dynamics. Within the scope of the research, certified and non-certified houses in Ankara, İstanbul and İzmir are compared in terms of sales- rental prices, as well as property advertisement density. Statistical indicators such as standard deviation and coefficient of variation are utilized to assess price stability and market uncertainty. The analysis aims to contribute to the affordability debate through indirect indicators. The findings show that green-certified homes are concentrated in specific locations and projects. Internationally, such homes are often positioned in the luxury segment, whereas in Türkiye, a stable price level has not yet been established. While prices are high in some projects, in others they are similar to those of non-certified homes. The study concludes that the current price and supply structure remains insufficient to support an affordable and balanced housing stock aligned with sustainable urban development goals.

Subject Keywords

Green certified housing, Housing market, Pricing, Supply structure, Housing affordability

URI

https://hdl.handle.net/11511/115174

Collections

Graduate School of Natural and Applied Sciences, Thesis