Strengthening the role of valuation professionals in market transition.

RenoValue logo

Incorporating energy efficiency and renewable energy considerations in daily valuation practice is absolutely crucial. This not only raises awareness about the value of energy efficiency investments among valuers but ultimately also among prospective buyers, vendors, banks, investors and wider built environment value chain stakeholders.

Against this background, RenoValue – a two-year EU Intelligent Energy Europe funded project – has developed and piloted tailored training material for practising valuation professionals from across the EU which will be available in eight languages and consists of a face-to-face tool that can be used as training support by professional training providers, professional valuation organisations and other real estate market participants and interactive eLearning modules hosted on the RICS Online Academy.

Knowledge base

The training material will provide professionals with a more profound knowledge base regarding the latest energy efficiency and renewable energy technological solutions, their respective impact on various economic building performance aspects and relevant information resources.

It is the result of extensive market research, stakeholder consultation and piloting programmes with about 400 professionals from across 8 European countries including Belgium, Germany, Greece, Italy, The Netherlands, Poland, Sweden and the UK.

As one of the project’s work leaders, the RICS has been instrumental in developing the project proposal together with the Karlsruhe Institute of Technology (KIT). RICS and the KIT are part of a consortium comprising Swedish development and construction firm Skanska, property and real estate services adviser CBRE, Dutch valuation firm Troostwijk, the Polish National Energy Conservation Agency, the RICS accredited Politecnico of Milan and Business Solutions Europa, a Brussels-based consultancy.

Access the RenoValue eLearning modules on the Online Academy (English with video subtitles availble in English, German, Dutch, French, Polish, Italian, Greek and Swedish)

Download the RenoValue face-to-face training tool  (available in Dutch, English, French, German, Greek, Italian, Polish, Swedish)

Download the 'Drivers for change' report below

Both the report and the training material are free and participants of the online version of the training course receive a RenoValue certificate upon completion of the course.

Sustainability features and their impact on the value of real estate have become a key issue for a range of stakeholders which operate in the sector, from developers to banks. CBRE recognises the gap between what is available and what is required by valuers when assessing the potential valuation effect of a particular building feature. We are pleased to be at the forefront of this initiative to improve valuer awareness of the issues, and promote best practice at a European level.

Comments (2)

  1. The view from RICS

    From an RICS perspective, RenoValue is very timely as the January 2014 RICS Red Book edition now specifically lists sustainability as a factor that valuers need to take into account when performing valuations and risks assessments for their clients.

    By participating in the RenoValue project RICS is underpinning the existing core elements of dedicated sustainability related research and guidance for valuers with a targeted capacity building programme to accelerate large-scale market transformation towards more sustainable property markets.

    Ursula Hartenberger

    Ursula Hartenberger, RICS Global Head of Sustainability 24 May 2016 24 at 09:02AM

  1. Good evening. The RenoValue project looks impressively well considered. As a generalist researching a surveying career, following a career in business development and investment promotion / local economic development, I wondered if I could gain access to the report and training material without having a registered business?

    I trust that you might take the view that the wider the circulation, the better?

    Keith Grimley Keith Grimley, 3 June 2016 3 at 21:07PM

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