Sustainability in the Real Estate Sector: New Investment Opportunities
In recent years, sustainability has ceased to be an option and has become a requirement within the real estate sector. This shift has been the result of the widespread rise in social awareness, which has convinced both buyers and investors that sustainable homes are increasingly better options.
Driven by market dynamics, a series of regulations have emerged, fostering innovation across the entire construction ecosystem. Additionally, sustainability certifications have gained greater importance as they directly influence the value and attractiveness of assets. In this article, we will explain the main regulations and certifications shaping the future of the sector.
European Directive on Energy Efficiency of Buildings (EPBD)
Directive (EU) 2024/1275 on the energy efficiency of buildings (EPBD) is one of the most relevant regulatory frameworks in Europe for the real estate sector. Its main goal is to ensure that new and renovated buildings meet high energy efficiency standards. To achieve this, the directive sets minimum energy performance standards and obliges member states to adopt stricter measures, such as certificates that must be issued for all buildings being sold or rented.
The purpose of the EPBD is to achieve climate neutrality by 2030 through improved energy performance and reduced carbon emissions in Europe’s real estate stock. Key measures include the obligation for all new buildings to be nearly zero-energy and for residential buildings to reduce energy bills by at least 16% by 2023. Additionally, member states must gradually implement solar installations in public and non-residential buildings, and phase out fossil fuels in heating and cooling systems.
Sustainability Certifications: LEED, BREEAM, and DGNB
Sustainability certifications are key to evaluating the environmental performance of buildings and ensuring that certain standards of green construction are being met. These certifications provide an independent and reliable assessment of the environmental behavior of real estate assets.
LEED (Leadership in Energy and Environmental Design)
The LEED system, developed by the US Green Building Council, is one of the most recognized standards worldwide. This system evaluates criteria such as efficient water use, the selection of sustainable materials, indoor environmental quality, and innovation in design. It works through a points system that achieves four levels of sustainability: LEED Certification, LEED Silver, LEED Gold, and LEED Platinum.
BREEAM (Building Research Establishment Environmental Assessment Method)
BREEAM is a certification system widely used in Europe, developed by the Building Research Establishment in the United Kingdom. This system measures the sustainability of buildings based on nine categories that cover everything from design and construction to operation and maintenance. BREEAM is known for its flexibility and is widely used to certify various types of buildings.
DGNB (Deutsche Gesellschaft für Nachhaltiges Bauen)
DGNB, created in Germany, offers a comprehensive approach to sustainability by evaluating economic, environmental, and social criteria. This system focuses on aspects such as the durability of buildings, resource efficiency, and the impact on the health and wellbeing of occupants. The DGNB certification is highly popular in Germany and is gaining traction in other European countries.
Innovation and Sustainable Investment Opportunities
Sustainability has driven the emergence of new technologies and innovative approaches, such as the integration of renewable energies like solar and wind power, and the implementation of smart management systems. These technologies, along with digital methodologies like BIM, facilitate the efficient construction and management of buildings.
Sustainability has become a fundamental pillar of the European real estate sector. Regulations are transforming the way buildings are constructed and managed. This approach not only responds to growing demands from investors and consumers but also generates new opportunities to maximize the value of assets.
For this reason, it is essential to understand sustainability trends and adopt a strategy that aligns with these standards, as investment in sustainable buildings not only contributes to a better future but also offers solid financial returns.