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Incorporating Green Building Features and Initiatives into Commercial Property Valuation

  • Author(s)/Creator(s):
    Saul Nurick
    Karen Le Jeune
    Emma Dawber
    Ryan Flowers and Jennifer Wilkinson
  • Publisher(s)/Producter(s):
    Taylor and Francis, American Real Estate Society

The rapid acceptance of green buildings internationally has led to awareness of green building features and initiatives (GBFIs) in the South African property industry; however, among South African valuers, it seems the awareness is still in its infancy. Semi-structured interviews were conducted with valuers of varying degrees of experience in Cape Town, online surveys were completed by a sample of South African valuers, and a valuation simulation was conducted to determine the impact of GBFIs. The findings indicate that even though South African valuers have limited knowledge of green buildings, they recognize the importance of incorporating GBFIs in the valuation process.

Policy Quality
Personal Finance
Corporate Finance
Public Finance