A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Sustainable Design Economics and Property Valuation
An Industry Perspective
This chapter explores the relationship between sustainable design and key factors influencing property values from a UK practitioner's perspective. Such factors include users, buyer or tenant preferences, rental income, yield, taxation, operational costs, uncertainty and risks, sustainability drivers and whether in future there will be a premium for the ‘most sustainable’ design which reduces the ‘environmental cost’. There is some reflection on the impact of these factors and how property value is affected. The chapter introduces the topic of sustainable design economics and the relationship with property valuation. It discusses the potential creation of a two‐tier market for sustainable buildings. The chapter further considers the difficulties of data collection, and the impact of Government intervention (and relevant legislation and regulation). It finally examines the way that the valuation process is changing to reflect values of assets incorporating sustainable design economics.
Sustainable Design Economics and Property Valuation
An Industry Perspective
This chapter explores the relationship between sustainable design and key factors influencing property values from a UK practitioner's perspective. Such factors include users, buyer or tenant preferences, rental income, yield, taxation, operational costs, uncertainty and risks, sustainability drivers and whether in future there will be a premium for the ‘most sustainable’ design which reduces the ‘environmental cost’. There is some reflection on the impact of these factors and how property value is affected. The chapter introduces the topic of sustainable design economics and the relationship with property valuation. It discusses the potential creation of a two‐tier market for sustainable buildings. The chapter further considers the difficulties of data collection, and the impact of Government intervention (and relevant legislation and regulation). It finally examines the way that the valuation process is changing to reflect values of assets incorporating sustainable design economics.
Sustainable Design Economics and Property Valuation
An Industry Perspective
Robinson, Herbert (editor) / Symonds, Barry (editor) / Gilbertson, Barry (editor) / Ilozor, Benedict (editor) / Gilbertson, Barry (author) / Heywood, Ann (author) / Selby, Ian (author) / Symes‐Thompson, John (author)
2015-03-02
8 pages
Article/Chapter (Book)
Electronic Resource
English