Search results

1 – 10 of 11
Per page
102050
Citations:
Loading...
Available. Content available
Article
Publication date: 19 May 2023

Syeda Marjia Hossain, Jorn van de Wetering, Steven Devaney and Sarah Sayce

This paper investigates the extent to which commercial property valuers in the UK refer to Royal Institution of Chartered Surveyors (RICS) professional standards and guidance on…

1233

Abstract

Purpose

This paper investigates the extent to which commercial property valuers in the UK refer to Royal Institution of Chartered Surveyors (RICS) professional standards and guidance on the inclusion of sustainability in valuation reports. Data collection, analysis and reporting related to sustainability attributes is examined, as well as the perceived importance of these attributes to clients and any value impacts that are associated with them.

Design/methodology/approach

An online survey of UK commercial property valuers was conducted from July to September 2019. The survey included both structured and open-ended questions.

Findings

Reference to RICS standards and guidance on sustainability has improved since earlier research. However, progress on data collection is still limited. At the time of the survey, UK valuers indicated that sustainability attributes were of more importance to owner-occupiers than investors and lenders. UK valuers also indicated that, out of a range of sustainability attributes, only certification was influencing market value (MV) and investment value (IV) to any great extent.

Research limitations/implications

The online survey had 53 responses and this limited the ability to draw definitive conclusions. Hence, whilst the results may be indicative of the perceptions of some valuers of the significance of sustainability-related matters in the UK, the sample is not large enough to be considered representative of the opinions of property valuers per se in the UK.

Practical implications

Explicit reflection of sustainability in market or investment values is still limited in the UK valuation practice, but there are challenges faced by valuers that need further investigation, including difficulties in pricing sustainability attributes.

Originality/value

This is the first empirical investigation of the perception of sustainability by valuers in the UK commercial property market since the 2012 survey reported by Michl et al. (2016).

Details

Journal of Property Investment & Finance, vol. 41 no. 4
Type: Research Article
ISSN: 1463-578X

Keywords

Available. Content available

Abstract

Details

Journal of Property Investment & Finance, vol. 40 no. 4
Type: Research Article
ISSN: 1463-578X

Available. Content available
Article
Publication date: 21 June 2013

Professor Sarah Sayce

705

Abstract

Details

Property Management, vol. 31 no. 3
Type: Research Article
ISSN: 0263-7472

Access Restricted. View access options
Article
Publication date: 21 June 2013

Magnus Bonde and Han‐Suck Song

Since 2009, all commercial buildings in Sweden should have undergone an energy performance rating in accordance with the European Union directive on the Energy Performance of…

997

Abstract

Purpose

Since 2009, all commercial buildings in Sweden should have undergone an energy performance rating in accordance with the European Union directive on the Energy Performance of Buildings. The main purpose of this rating is to illustrate a building's energy performance in an easy, straightforward manner. In doing so, it becomes easier for the actors on the real estate market to assess the building's energy performance, which in the end should be reflected in the capital value of the property. The aim of this paper is to study the EU Energy Performance Certificates’ impact on office buildings’ capital values.

Design/methodology/approach

In this paper an econometric approach is used to estimate the energy performance impact on buildings’ capital values. A panel data set was constructed using economic data from IPD Nordic and Energy Performance Certificates from the Swedish National Board of Housing, Building and Planning.

Findings

This study shows that a building's energy performance has no impact on its capital value.

Research limitations/implications

There may be a selection bias in the sample as the study is dependent on data from IPD Nordic.

Originality/value

This is one of the first papers that study the EU Energy Performance Certificates’ impact on office buildings’ capital values in Sweden.

Details

Property Management, vol. 31 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Access Restricted. View access options
Article
Publication date: 21 June 2013

Lynne Armitage and Janine Irons

The purpose of this paper is to consider some of the approaches which have been developed to bring forward awareness of the role of heritage and its significance in reducing the…

3598

Abstract

Purpose

The purpose of this paper is to consider some of the approaches which have been developed to bring forward awareness of the role of heritage and its significance in reducing the use of carbon incurred by the creation of new structures.

Design/methodology/approach

The approach adopted is to look at the emergence and dissemination of these issues through published literature including professional standards and guidelines for the management and valuation of historic property and also to consider the practice of heritage management and assessment in Western Australia.

Findings

The paper finds that Australia has a well‐developed system of heritage management but has been slow to adapt to its responsibilities under international treaties in the area of sustainable practices in the property field but that there is evidence of progress to improve the situation. Whilst the overall picture of the impact of heritage listing on property value remains clouded, and arguments for both positive and negative impacts are evident from the many perspectives researchers have considered, the sustainable use of resources is one which is currently receiving more attention in professional and academic circles.

Research limitations/implications

The predominant focus of this paper is from an Australian perspective but with reference to the UK context.

Originality/value

The contribution of this paper is that, by drawing attention to the value of built heritage as an expression of cultural worth, the demand for new structures can be constrained to some extent by reuse of existing buildings, resulting in more sustainable practices. This environmental view of heritage property may result in its being more favoured as an investment asset in the future due to its smaller carbon footprint than more recent, or potential replacement, structures.

Access Restricted. View access options
Article
Publication date: 21 June 2013

Henna Eerikäinen and Anna‐Liisa Sarasoja

The aim of this article is to examine the current marketing situation of sustainable buildings from a Finnish real estate developer’s perspective and deepen the market’s…

2290

Abstract

Purpose

The aim of this article is to examine the current marketing situation of sustainable buildings from a Finnish real estate developer’s perspective and deepen the market’s understanding on this subject.

Design/methodology/approach

The theoretical part of the paper is conducted through a literature study, and for the empirical part three different green building development projects were examined.

Findings

Results indicate that the environmentally efficient characteristics of the buildings are not considered to be their major selling arguments but simply something that is expected in today’s market and thus the green marketing actions of the real estate development company were subtle and quite ineffective.

Practical implications

It seems that at the moment, the marketing of sustainable buildings lacks green ambition and not all are equally convinced about their differentiation potential. However, by increasingly concentrating on the different benefits of sustainable buildings and effectively communicating those to the customers, greenness can be made into a truly competitive marketing argument.

Originality/value

The technology needed to build environmentally efficient buildings and the knowledge about their benefits is available. However, the ways of marketing these benefits to the public and customers and, as a result, increasing the amount of green buildings have not been the subject of much research.

Details

Property Management, vol. 31 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Access Restricted. View access options
Article
Publication date: 21 June 2013

Sara J. Wilkinson

The built environment is responsible for around half of total greenhouse gas emissions and the majority of emissions are produced during building lifecycles. As such the property…

1020

Abstract

Purpose

The built environment is responsible for around half of total greenhouse gas emissions and the majority of emissions are produced during building lifecycles. As such the property sector has considerable potential to reduce lifecycle emissions and can contribute in mitigating global warming. However our existing conceptual understanding of sustainability is variable to the point of being disjointed and ambiguous and this could imply our efforts to realise reductions may not reach their potential. This paper seeks to address these issues.

Design/methodology/approach

Adopting a qualitative paradigm, this study used published information on property company websites regarding sustainability in a content analysis to address the questions: What is the conceptual understanding of sustainability within the ten leading Australian property firms? and What is the implication of this level of conceptual understanding with regards to delivering sustainability?

Findings

There are distinct differences between the conceptual understanding of sustainability within the firms, indicating a different worldview exists across these firms. It is probable that this information is published without a conscious decision to represent a technocentric or ecocentric worldview, and as such it reflects the lack of breadth and depth of understanding in the current discourse regarding sustainable development in some property firms. Some elements of the sustainability discourse are omitted from their conceptual understanding. Academics have a responsibility and an opportunity to widen the discourse so that current and future generations are able to make informed decisions in respect of the degree of sustainability it is necessary to adopt.

Research limitations/implications

The limitation of a content analysis approach is that there is no opportunity to explore the underlying reasons for what is found. Thus the researcher is unable to ascertain whether omissions regarding the discourse of sustainability issues are conscious or sub‐conscious.

Originality/value

There is now a growing body of work around property and sustainability. Most of this work is focused on ways in which to implement sustainability or how sustainability is being integrated in the built environment. Little work is centred on the fundamentals of sustainability and understanding of the principles and how this impacts on the degree of sustainability practiced by those firms. The underlying hypothesis is that a weak conceptual understanding will only ever deliver weak sustainability at best. Weak sustainability is insufficient to avert the project climate change outcomes forecast by the United Nations.

Details

Property Management, vol. 31 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Access Restricted. View access options
Article
Publication date: 21 June 2013

Tadeo Baldiri Salcedo Rahola and Ad Straub

The aim of the present study was to characterize the main project delivery methods that are used for the renovation of social housing, and to analyse the advantages and…

1398

Abstract

Purpose

The aim of the present study was to characterize the main project delivery methods that are used for the renovation of social housing, and to analyse the advantages and disadvantages of their application for energy renovations in order to assist social housing organisations in making an informed decision on the choice of a project delivery method that suits their organizational context.

Design/methodology/approach

The study is based on a literature review, five case studies of renovation processes by five social housing organizations in four EU countries, a questionnaire completed by 36 social housing organizations from eight EU countries, and a series of 14 interviews with energy renovation experts from ten EU countries.

Findings

Four main project delivery methods were identified: iterative minor renovations, design‐bid‐build, design‐build and design‐build‐maintain. Design‐build‐maintain has the maximum potential to deliver energy savings because it facilitates collaboration between the various actors and promotes their commitment to achieving project goals.

Research limitations/implications

The presented data is not meant to be representative for a country or the sector as a whole, but aims to indicate the main characteristics of the current energy renovations carried out by European social housing organizations.

Practical implications

Social housing organizations are provided with useful information about the advantages and disadvantages of different project delivery methods for energy renovation projects, assisting them to choose the option that suits their organizational context.

Originality/value

This study fills a knowledge gap about the project delivery methods currently used in social housing energy renovations and their potential for energy renovations.

Details

Property Management, vol. 31 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Access Restricted. View access options
Article
Publication date: 6 July 2010

Sarah Carr

The author provides a mental health service user's perspective on leadership, arguing that users should be empowered by services to lead their own lives. In order to do so…

217

Abstract

The author provides a mental health service user's perspective on leadership, arguing that users should be empowered by services to lead their own lives. In order to do so, leaders in services should have human and emotional skills because their decisions have human and emotional consequences. She argues that leadership and power sharing should happen throughout the organisation, rather than being concentrated at the top. Related and responsible rather than remote leadership may be more likely to lead to better mental health services. User experience is valuable for leadership.

Details

International Journal of Leadership in Public Services, vol. 6 no. 2
Type: Research Article
ISSN: 1747-9886

Keywords

Access Restricted. View access options
Article
Publication date: 1 February 1933

NOW removed to Chaucer House, Malet Place, London, W.O., the Library Association is in its permanent home adjoining University College and the new National Central Library. Some…

24

Abstract

NOW removed to Chaucer House, Malet Place, London, W.O., the Library Association is in its permanent home adjoining University College and the new National Central Library. Some strenuous work has yet to be done by the secretary and his staff before the ceremonial opening, but when Chaucer House is completed it should not only facilitate and permit the growth of the work of the Library Association; it should also form a meeting place of great value. We refer not only to meetings of a formal character, although room for these, for council and committee meetings and for examinations will, for the first time in our record, be adequate; we refer rather to the clubbable meetings that have hitherto been rather difficult. For many years librarians have advocated a professional club, where meals might be taken, friends might meet, and some of the social amenities generally be possible. There seems to be an opportunity here; but, clearly, no such club idea can be realized unless there is a definite desire for it, and, what is more, practical use made of it. If the London members dropped in regularly some catering scheme could be arranged which the provincial members could take advantage of too whenever they visited London. Can this be done? Other professions have managed it. It is merely sense to recognise that the provision of refreshments and other necessaries can only be made if there is a regular demand for them which will at least pay their cost.

Details

New Library World, vol. 35 no. 10
Type: Research Article
ISSN: 0307-4803

1 – 10 of 11
Per page
102050