How do we value our properties? Professional real estate valuers have traditionally been taught to rely on financial ratios such as profitability and capital budgeting to determine the value of a property.However, is it enough for today’s investment world? The rise of ESG standards, and public awareness of sustainability suggest that a new approach is needed.Environmental, social and governance (ESG) issues have significantly affected real estate valuation in recent years, influencing how…
Source : South China Morning Post
Read more…How ESG standards and sustainability awareness can affect property values
