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Hi, I am looking for someone to write an article on real estate development and investment: fiscal benefits of sustainable buildings Paper must be at least 2000 words. Please, no plagiarized work!
Hi, I am looking for someone to write an article on real estate development and investment: fiscal benefits of sustainable buildings Paper must be at least 2000 words. Please, no plagiarized work! Even though the property markets have faced an appalling crunch since the before-recession years starting from 2002, and the records of property from estate agent books shows that a major chunk of property was let out after a minor recovery in the property markets in the year 2007-08, which gives rise to another speculation according to which, obsolete property is still blocked with some investors who are willing to sell it as soon as the prices recover to a more desirable stage, which may again devalue property further.
But even when the demand of property is lower than that in the late ’90s, the new sustainable architectural platform has been superlatively successful in being able to attain the confidence of customer, so much in fact that occupiers are willing to pay a premium of up to 10% to purchase sustainable property, mostly because of the creditability of sustainable architecture to help them save money in the longer run. (Elliott, et al., 2008 p. 4)
It is a widely accepted and factual principle that certain sustainable projects have been proven to be cheaper in the longer run. The only disadvantage being that sustainable projects bring with them additional development and planning expenses, which is mostly credited to significantly superior use of technology and R&D costs associated with building everlasting sustainable techniques. Sustainable architecture is a considerably novel concept and therefore is still under experimentation even in developed kingdoms such as the UK.
Even though analysts are stressing that sustainable projects are the prime requirement of the time, considering that over 41% of energy is consumed by buildings (Eicker, 2009 pp. 1-24). the populace still hesitates to pay the hefty premium associated with green projects, specifically the retail occupiers, as the costs associated with reunifying their homes will be much higher, whereas, in a commercial or a residential apartment type structure, these costs would be divided amongst the occupants (Yudelson, 2006 pp. 71-74).