RenoValue is a 2-year project funded by the Intelligent Energy Europe Programme of the European Union. The project will develop a training toolkit for property valuation professionals on how to factor energy efficiency and renewable energy issues into valuation practices, understand the impact of building performance and property values and advise their clients accordingly.
Yannis Daskalakis, MRICS our Head of Real Estate and Corporate advisory Dept., as part of the Institute of Zero Energy Buildings – INZEB (The official Partner of the project in Greece & Cyprus) was part of the working group which translated the training material, as long as one of the instructors in the training sessions in Athens, Thessaloniki and Cyprus.
Empirical studies consistently show that within several markets around the globe property pricing differs between buildings with “green features” and buildings without them.
Evidence shows that these features are translating into higher value in the form of:
- increased rental rates
- higher sale prices
- increased occupancy rates
- lower operating expenses
- faster marketing-times
- higher net operating income
- lower capitalization rates
- in case of commercial building, increased workers’ productivity
Find out more about INZEB
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