One important condition for a further market penetration and mainstreaming of sustainable building is being able to make the business case that sustainable buildings actually yield higher economic value than their unsustainable counterparts. Measures and tools are needed that allow for describing, assessing and communicating the financial outperformance of sustainable buildings. One possible solution in this regard is the integration of sustainability issues within existing (traditional and advanced) property valuation methods and practices.
How to bridge the gap between environmental, social, and economic aspects of property value?
How to empirically demonstrate the relationship between a building's environmental and social performance and its market value? What are the conditions for further strengthening this link?
How to adapt existing property valuation methods and practices so as to reflect sustainability issues?
Chair
Richard Lorch, Editor, Building Research & Information
Speakers
Prof. Thomas Luetzkendorf, Professorial Chair, Sustainable Management of Housing and Real Estate, University of Karlsruhe (Germany)
Scott Muldavin CRE, FRICS, Executive Director, Green Building Finance Consortium
Philip Kimmet, Queensland University of Technology, Brisbane
Stephen Berry, Director, Renewables and Energy Efficiency Division Department of the Environment, Water, Heritage and the Arts Australia
John Goddard, Sustainable Steering Group, Royal Institute of Chartered Surveyors (Oceania)
Dr Richard Reed MRICS, Deakin University, Melbourne
Dr David Lorenz MRICS, Chairman, RICS EU Advisory Group on Sustainable Property Investment & Management