Property investors across Europe are willing to pay more to invest in sustainable property or land, but they want a single certification scheme, according to a new survey
European real estate investors are willing to pay more for green property or land and want a single certification scheme for building sustainability, according to an independent survey.
The Towards a Greener Future report, from law firm DLA Piper, reveals that 88% of more than 100 European real estate companies believe green certification is an important factor when developing and investing in buildings.
Crucially, 71% of the respondents from Belgium, Germany, Italy, Spain, Portugal, Hungary, Poland, the Netherlands, Russia, Norway, Switzerland and the UK say they are willing to incur higher investment costs to acquire sustainable property or land, according to the report findings revealed at the MIPIM property conference, in Cannes, France.
Co-Head of DLA Piper’s Real Estate practice, Olaf Schmidt says, “With clients active across Europe, we have witnessed the growth in interest in sustainable real estate across the continent. Our survey confirms that investors – particularly those involved with cross border transactions – would welcome a harmonisation of certification standards to facilitate further take up of sustainable practices and engender transparency of performance …read more