Property valuation in UK: climate change targets and the value of UK investment properties – a change in sea level[1]

IF 1.6 Q3 BUSINESS, FINANCE

Journal of Property Investment & Finance Pub Date : 2020-06-04 DOI:10.1108/jpif-04-2020-0043

N. French

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引用次数: 4

Abstract

PurposeThe UK government, in late 2019, announced new proposed targets for the energy efficiency legislation in the UK, MEES – Minimum Energy Efficiency Standards. The current suggestion is that all let properties, commercial or residential, need to be B rated by 2030. If this is implemented, it will have a significant impact upon the UK market property investment market.Design/methodology/approachThis practice briefing is an overview of the 2018 legislation and comments on how market awareness has changed since its introduction and the potential impact upon prices of affected properties moving forwardFindingsThis paper discusses how capital and rental values are beginning to be discounted in the market to allow for current and future liabilities under the MEES legislation. This has a significant impact on strategies for property investment.Practical implicationsThis paper analyses the likelihood of (negative) capital and rental value changes under the proposed stricter energy efficiency guidelines.Originality/valueThis provides guidance on how valuations can be undertaken to reflect any impact of the likely changes to UK energy efficiency legislation.

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英国房地产估价：气候变化目标和英国投资房地产价值——海平面变化[1]

英国政府于2019年底宣布了英国能源效率立法的新拟议目标，即最低能源效率标准。目前的建议是，到2030年，所有出租物业，无论是商业还是住宅，都需要达到B级。如果这一政策得以实施，将对英国房地产投资市场产生重大影响。设计/方法/方法本实践简报概述了2018年立法，并评论了自其引入以来市场意识的变化以及对未来受影响房产价格的潜在影响。研究结果本文讨论了资本和租金价值如何开始在市场上贴现，以考虑MEES立法下的当前和未来负债。这对房地产投资策略有重大影响。本文分析了在拟议的更严格的能源效率指导方针下(负)资本和租金价值变化的可能性。原创性/价值这为如何进行估值以反映英国能源效率立法可能变化的任何影响提供了指导。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Property Investment & Finance BUSINESS, FINANCE-

CiteScore

3.50

自引率

23.10%

发文量

期刊介绍： Fully refereed papers on practice and methodology in the UK, continental Western Europe, emerging markets of Eastern Europe, China, Australasia, Africa and the USA, in the following areas: ■Academic papers on the latest research, thinking and developments ■Law reports assessing new legislation ■Market data for a comprehensive review of current research ■Practice papers - a forum for the exchange of ideas and experiences