Environmental and sustainability valuation
Environmental and sustainability issues are increasingly important in the appraisal and valuation of land and property.
Chartered surveyors completing valuations are therefore expected to have a general awareness of sustainability matters (see Background and context), including the key aspects of environmental, social and economic factors that influence the behaviours of these who are active in the market place.
Other relevant environmental considerations include various schemes and measures. Valuers have a key role to play in Building sustainability and environmental considerations into property valuation and this is confirmed in the requirements and recommendations of the RICS Red Book.
This section is updated by Sarah Sayce, Professor in Sustainable Real Estate, University of Reading; visiting Professor, Royal Agricultural University; Emeritus Professor, Kingston University.
RICS standards: RICS Red Book Global Standards
RICS standards: Sustainability and commercial property valuation
RICS standards: Valuation of assets in the commercial renewable energy sector
RICS journal article: How can valuers break ESG valuation deadlock?
RICS journal article: European assets report increased ESG interest