Why should we establish a new, purpose-driven framework to measure the true value of property?

After three years of radical global change, our lives are different. The rules of property demand are changing, with less focus on footfall and commutability, and our asset valuation must be as flexible and multifaceted as the market. We can all play a role in creating resilient communities set up for sustainable and ethical growth. With the collective vision for the future uniting around ESG values, inaction or the sole pursuit of short-term gains is no longer a viable commercial strategy. ISG’s Sustainable Buildings Monitor looks to create a new framework to identify untapped areas of development opportunity across the UK.

Developers and asset owners, organisations, and local authority leaders can pivot interests towards flexible, smart buildings with multiple uses and guardians. A new framework, based on long-term ESG fundamentals, will augment the collective balance sheets. Traditional valuation methodologies are evolving, and the advantage now exists for those who take the more holistic view. Benchmarking against ESG criteria naturally leads to a redefinition of the value of property.

Read more about Cebr’s latest research for ISG.