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- W64763501 abstract "Nowadays, we have substantial evidence that confirms the more and more important impact of sustainability upon real estate valuation. The concept of sustainability impacts the activity of the valuers, who must take into consideration the fact that vacancy rates and operation costs could be more reduced in the case of green buildings. Also, the expected increase of the sustainability recognition will lead to a reduced capitalization rate when selling a real estate and, implicitly, to a higher resale value compared to the traditional buildings. In Romania there is an incipient green building market, considering that there are only five green buildings, which hold a BREEAM certification and are located in Bucharest. On the other hand, the perception of the professions in the real estate industry does not always reflect reality: 41% of the architects wrongly consider that the green buildings' cost is 11-20% higher compared to the traditional buildings' cost, and 26% of the architects believe that its level is even over 21% higher. There is an important number of reasons for the immediate and rigorous consideration of sustainability in the valuation practice, but also in the toolkit of the other professions in the real estate industry." @default.
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- W64763501 date "2011-01-01" @default.
- W64763501 modified "2023-09-24" @default.
- W64763501 title "Sustainability in Real Estate Analysis and Valuation" @default.
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