Sustainable buildings 'are better'
Sustainable buildings have competitive advantages over other properties. That's according to Paul Royston from Nottingham Trent University’s School of Architecture, Design and the Built Environment. He made the comments to more than 60 business leaders at an event at the university.
Royston looked at recent research as to the valuation and investment performance of sustainable buildings. This focused on the return to investors and whether there is evidence of a sustainability premium.
He said: "Assessing the impact on rental and capital values of enhancing the sustainability characteristics of buildings is still in its infancy and hampered by data constraints.
"Nevertheless ongoing research is tending to support the view that more sustainable buildings are able to find occupiers more quickly and achieve greater protection from the risk of future obsolescence and value depreciation.
“Property valuers are waiting for clear market evidence to emerge before they adjust valuations accordingly. The most interesting question is when, not if, this will happen.”
Leading property agent Innes England was a main sponsor of the event, which was held in conjunction with the Investment Property Forum (IPF).
