RenoValue

A training toolkit to integrate energy efficiency and renewable energy into property valuation practices

RenoValue was a 2-year project funded by the Intelligent Energy Europe Programme of the European Union. The project developed a training toolkit for property valuation professionals on how to factor energy efficiency, renewable energy, and other sustainability aspects into valuation practices, and consequently help valuation professionals better understand the relationship between building performance and property value and encourage them to advise their clients accordingly. The project started in February 2014 and ended in June 2016. It was run by a consortium of companies and organisations, which together cover a broad range of real estate and construction stakeholders. The RenoValue consortium consisted of RICS, the Karlsruhe Institute of Technology, CBRE, the Polytechnic of Milan, the Polish National Energy Conservation Agency, Troostwijk Real Estate, Skanska, and Business Solutions Europa. In addition, the partnership was supported by INZEB an Greek Civil nonprofit company. RenoValue project was assisted by a high-level European Valuation Steering Group including representatives from the following organisations: Caisse des Dépôts, Cushman & Wakefield, Hermes Real Estate, European Group of Valuer’s Associations (TEGoVA), United Nations Environment Programme’s Suistanable Buildings and Climate Initiative (UNEPSBCI), World Green Building Council. The final report of the project is available here.

The role of INZEB

INZEB was an external partner of the RenoValue project and contributed to the dissemination and exploitation activities in Greece and Cyprus. INZEB worked in translating the training materials, factsheets and other RenoValue publications in Greek language. In addition, INZEB organised three training workshops for property valuers and professionals. The training workshops took place in Athens, Greece on Thursday 10 December 2015, in Thessaloniki, Greece on Thursday 17 December 2015 and in Larnaca, Cyprus on Friday 18 March 2016. The three training workshops attended 56 property valuers.
The RenoValue project was presented in various national news portals, while it was among the projects that were presented at the 2nd national Sustainable Energy Investment Forum (SEIF) that took place in Athens, Greece on Thursday 7 March 2019.

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