TIAS contributes to energy investment research
October 29, 2015
The Pan-European research project RentalCAL is aimed at developing a clear, public, and reliable tool that would enable landlords (and investors) to calculate the financial implications of any investment in energy efficiency. The TIAS VastgoedLAB is taking part in this research.
Professor of Real Estate Economics Dirk Brounen: "Energy has been for many years the central point of focus in the real estate market. But very often no action is taken on it beyond good intentions, formulated in relatively vague terms, in annual reports. Even though it is becoming increasingly more feasible technically to upgrade existing properties to energy efficient ones."
This is why the European Union has invested money this year in a large-scale pan-European research project – RentalCAL – which presents green opportunities in a concrete, objective, and transparent manner. TIAS VastgoedLAB's researchers are part of this international research team. We are happy to bring this three-year study to your attention and will report to you regularly on its progress.
Brounen: "RentalCAL's intention is essentially a simple one. The Pan-European research project RentalCAL is aimed at developing a clear, public, and reliable tool that enables landlords (and investors) to calculate the financial implications of any investment in energy efficiency. All financial considerations, ranging from architectural costs, government grants, and tax benefits will be taken into account. A clear picture of the costs and benefits will be sketched by country and by type of landlord with a simple push of a button. In addition, the long-term returns will be placed in a realistic perspective, allowing for a balanced and clear assessment of the costs and benefits.
The project was launched in March 2015 and the preliminary findings will be announced each year, including by the VastgoedLAB.