Renovalue

Rationale

Rationale

The RenoValue project will develop a training tool kit for property valuation professionals on how to factor sustainability into the valuation process.

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.

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

Intelligent Energy Europe

EU

Cofunded by the Intelligent Energy Europe Programme of the European Union


Read RenoValue’s Factsheet on the Intelligent Energy Europe website for more information on the project

Project by:

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Looking for more information about the RenoValue project? Please download the project flyer, factsheet and PPT currently available in 8 languages and the Renovalue Market Insight Report:

 

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Methodology

The Project consists of two closely interrelated phases to reach one goal: to provide practising valuation professionals with the necessary knowledge and skills to appropriately factor sustainability into their work and advise their clients accordingly.

PHASE 1

  •  Assessment of stakeholders’ expectations and needs regarding the quality and content of valuation reports. This assessment is done through national roundtables in 7 countries (United Kingdom, Germany, Poland, Italy, Belgium, the Netherlands and Sweden)
  • Assessment of availability, quality and reliability of information sources for valuation professionals in each of the 7 target countries (EPCs, transaction data and information on building qualities and performance)
  • Creation of a European Valuation Steering Group (EU VSG)

PHASE 2

  • Development of the training material based on the findings of phase 1
  • Piloting of the training material among practising valuation professionals and, in the long term, permanent inclusion into the RICS’ Online Academy.

RENOVALUE PHASES

Activities & Download

DESK2_editada

RenoValue is carrying out a desk research and quality assessment of commonly used sources of information typically available…

Training-material

 The Renovalue project developed training material to provide practising valuation professionals with the tools to include sustainability in their daily practice. Such training material… 

ROUNDTABLE_editada

A needs assessment has been carried out through national roundtables (gathering valuation professionals, valuation…

Pilote

The training material will be piloted during the project’s duration among 350 practising valuation professionals via 7 half-day…

EUVSG

The RenoValue European Valuation Steering Group (EUVSG) is composed of 6 members with relevant expertise…

collaborationRenoValue copy

In order to disseminate the RenoValue training material among interested valuation professionals all over Europe…

Who

PARTNERS
EXTERNAL SUPPORT

During the proposal development, RenoValue secured letters of support from 37 organizations from across Europe (see map below) including the UK (10), Italy (4), Germany (7), Belgium (5), Hungary (3), Czech Republic (1), Greece (1), Poland (3), government and international organisations (3). These supporting entities expressed their interest in the outcome of the project. Supporters are as follows:

Governments
Valuation professional organisations and national standard setting bodies
Real Estate services and valuation providers
Real Estate and built environment information multipliers
Financial institutions and investors
Real Estate Insurers
Built environment professionals
Green Building Councils
Academia, and networks and initiatives
EE and RES manufacturers and installers

Mapa-de-europa3

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PRESS RELEASES

 

On the news

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Russia

 

 

News

Training material set to drive ‘green’ into property valuation

Training material set to drive ‘green’ into property valuation

Brussels, May 25, 2016: Today a multi stakeholder group of built environment experts launched “Valuing Sustainability”, a suite of training materials for valuation professionals with regard to considering sustainable building features in their daily practice. The training material has been developed over a 2-year period to provide valuation professionals with a more profound knowledge base […]

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RICS Cross Border Valuation conference

RICS Cross Border Valuation conference

Marking a major project milestone, on behalf of the RenoValue consortium, RICS Global Head of Sustainability, Ursula Hartenberger presented the RenoValue face-to-face training package at the RICS Cross Border Valuation conference in Brussels on 12 May in front of a room full of valuers, valuation users and a representative from the EU Commission from across the […]

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RenoValue Learning Material Online

RenoValue Learning Material Online

Today we released the Renovalue training material in 8 languages: Dutch, English, French, German, Greek, Italian, Polish and Swedish.  The material consists of  a set of slides to be used as training support by professional training providers, professional valuation organisations and other real estate market participants. The material can be downoladed here. In addition, the […]

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RenoValue at SBE16 conference in Hamburg

RenoValue at SBE16 conference in Hamburg

On March 10, Ursula Hartenberger representing Renovalue’s partner organization RICS presented the project RenoValue and its outcomes at SBE16 conference in Hamburg. Under the following aspects of “strategies, stakeholders, success factors” the SBE16 conference covered a range of topics relevant for the future of a moresustainable built environment, both on a global and on a regional […]

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RenoValue presented at University of Warsaw

On March 31st, our colleagues Andrzej Rajkiewicz, representing RenoValue’s partner organization Narodowa Agencja Poszanowania Energii S.A. (National Energy Conservation Agency NAPE) gave a lecture to the Faculty of Geography and Regional Science of the University of Warsaw on the topic : “Energy Efficiency of Buildings – towards climate change mitigation”. In his speech he mentioned Renovalue project objectives […]

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Study shows relation between house price and energy ratings

Study shows relation between house price and energy ratings

A study released by the Copenhagen Economics looks into the relation between house prices and energy ratings based on an econometric analysis of 365,000 sales of single-family houses in Denmark from 2006 to 2014 and a number of controlled experiments on both potential buyers and real estate agents. The study concludes that  there is a […]

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Contact Info
Luigi Petito, Project Coordinator
Managing director of Business Solutions Europa
www.bs-europa.eu

+3225885672

Rue Philippe Le Bon 15, 1000 – Brussels, Belgium