The Impact of Proactive Real Estate Management on Building Energy Performance and Asset Valuation: An Empirical Analysis

Abstract

This research presents an empirical investigation into the effect of proactive real estate management strategies on both building energy performance and asset valuation within the central districts of Konya, Türkiye (Meram, Selçuklu, and Karatay)6. A comprehensive dataset, comprising observations from 48 buildings, was subjected to analysis using descriptive statistics, correlation, and multiple regression techniques via SPSS 28 software. The statistical results reveal a statistically significant and positive correlation between the levels of energy performance, management activity, and property value8. Specifically, buildings characterized by superior energy efficiency ratings and robust thermal insulation systems commanded higher market prices, while older structures and those with elevated energy consumption tended to exhibit lower valuations. Furthermore, the evidence suggests that proactive management contributes to the appreciation of asset value through the systematic optimization of maintenance operations, rigorous monitoring of energy consumption, and the enhancement of overall operational sustainability. This study provides crucial empirical data from the context of a developing country, thereby addressing a noticeable gap in the existing literature where energy efficiency and management performance are seldom analyzed in conjunction. The findings highlight the significant economic benefits associated with energy-efficient investments, implying that the integration of energy performance indicators into standard property valuation models can substantially refine decision-making processes for investors, professional appraisers, and public policymakers. Moreover, these results emphasize the necessity of fostering sustainable building management practices to simultaneously improve both the environmental footprint and the financial returns within the real estate sector.