Green value
Language: English Series: RICS Business ; November-December 2005, 22-23(2)Publication details: 2005Subject(s): Summary: Discusses the findings of the RICS survey "Green value : green buildings, growing assets" (L131391) which found the view that there is no link between market value and green features to be a fallacy. An extensive literature review backed the research findings that green building features can and do benefit the market value of a real estate asset. Asserts that traditional valuation methods have obscured the fact that green buildings bring real business benefits, including attracting tenants more quickly and with lower tenant turnover, commanding higher rents and prices, having lower operating costs with lower greenhouse gas emissions, yet attracting grants and other inducements. Considers that our valuation methods should be consequently be reassessed.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L131895 (Browse shelf(Opens below)) | 1 | Available | 131895-1001 |
Discusses the findings of the RICS survey "Green value : green buildings, growing assets" (L131391) which found the view that there is no link between market value and green features to be a fallacy. An extensive literature review backed the research findings that green building features can and do benefit the market value of a real estate asset. Asserts that traditional valuation methods have obscured the fact that green buildings bring real business benefits, including attracting tenants more quickly and with lower tenant turnover, commanding higher rents and prices, having lower operating costs with lower greenhouse gas emissions, yet attracting grants and other inducements. Considers that our valuation methods should be consequently be reassessed.