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Owners of older European properties urged to secure EPCs | 20 June 2012

Owners of older European commercial properties have been urged to secure their Energy Performance Certificates (EPC) by the Royal Institution for Chartered Surveyors (RICS).

Research by RICS has indicated that there are currently more new buildings gaining certification in Europe than there are existing ones.

According to pie-mag.com, this is despite unanimous agreement amongst professionals in the property industry about the importance of improving the sustainability of older buildings.

RICS is keen to alter this statistic in order to create a more transparent commercial property market throughout Europe. It has claimed that gaining sustainable building certification can help property owners drive up rents and avoid long void periods.

This was certainly the case in the United States, where so many new buildings improved their worth in the eyes of buyers after gaining certification that existing buildings had no choice but to follow suit.

Reacting to the results of its second annual ‘Sustainable Building Certification Statistics’ report, RICS’ global head of sustainability, Ursula Hartenberger, told property-magazine.eu: “Against the background of the ambitious EU 2020 targets one can only hope that Europe will follow the US example.”

The report gathered statistics surrounding demand for the top four certification systems – BREEAM, DGNB, HQER and LEED.

Written by Joe Elvin on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

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