RENOVALUE

RenoValue aims to strengthen the role of valuation professionals in the market transition towards Nearly Zero Energy Buildings (NZEB).There is an emerging body of empirical evidence that high performing buildings do not only perform better in terms of energy efficiency but also financially, commanding higher rents or resale prices.

Research has also shown that consumers and investors will respond favourably to energy efficiency (EE) and renewable energy sources (RES) if these are presented to them in a way that offers them value. Valuation professionals are well placed to comment on the financial impact of both asset specific and wider market factors.

Harnessing valuation professionals’ expertise and client advisory role in the drive towards NZEB is therefore pivotal.Being able to demonstrate the business case to these stakeholders is prerequisite to accelerating the market transition towards Nearly Zero Energy Buildings (NZEBs). Yet the ability to demonstrate this business case for NZEB is exactly what is missing at present: valuation professionals lack both the skills and the knowledge to consistently take EE and RES issues into account when advising their clients.

RenoValue aims to fill this professional knowledge and skills gap amongst valuation professionals focusing on three major issues: the commitment of valuation professionals, the quality of data and information management sources and the lack of dedicated direction and guidance for valuation professionals.

Partners:

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  Partners| RENOVALUE project (IEE)

Duration: 13/02/2014 to 12/02/2016

Overall budget: 1,152,040 € (EU contribution: 75,00 %)

Website: http://renovalue.eu