New RICS pan-European survey on sustainable building certification

July 28, 2011 at 7:18 pm | Posted in General | Leave a comment
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RICS Germany Sustainability Professional Group recently carried out a statistical pan-European survey between four different certificate issuing organisations: DGNB, BREEAM, LEED and HQE.The survey explored both currently certified commercial buildings as well as buildings registered for certification. The aim of the survey and of its subsequent publication, launched in Germany in May 2011, was to provide market participants with an objective overview of the state-of-play in the growing market for sustainability certificates.Given the fast-paced nature of this market segment, the group plans to carry out regular updates which will help to monitor future market developments.

The survey showed that:

  • Sustainability certificates as measurable indicators of performance are firmly rooted in the real estate market and, as such, enjoy a growing market acceptance
  • There are regional preferences for individual systems that may have the potential to develop into standards before long
  • There is a strong preference for local certification systems in countries with national systems
  • Decisions for specific systems are often determined by investors looking for cross-border comparability of their real estate assets

However, although the figures for 2009/2010 may be impressive, one should not forget that in comparison with the total building stock these still only represent a small percentage of new construction projects. But this could soon change in view of new options to have also existing buildings included in certification (i.e. those not subject to new construction works).Looking at the ever-growing number of certification systems, RICS feels that from an investor’s and property professional’s point of view, it will be crucial to create greater comparability, transparency, coordination and consistency between these individual certification systems.

View the survey here.

Source: RICS Press Release

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