On Friday 9th March, Maarja Meitern of Bax & Company presented REVALUE’s results at the 22nd International Passive House Conference in Munich.
The REVALUE findings are highly relevant for the passive house community. For example, Maarja revealed that some building features that enhance energy efficiency, which are often regarded as typical, may impact the market values of housing stock.
She also highlighted that, in some advanced markets, energy efficiency renovations could cause the value of the properties to increase. This was confirmed by passive house institute experts, who announced that in cities like Frankfurt, where passive house standard dwellings are becoming the new normal, certain investors are starting to see passive house as a more reliable investment, with lower associated risk.
Other presentations at the conference mainly focused on innovative passive house technologies and highlighted positive changes regarding the prices of energy efficiency retrofits.
Maarja’s main take-away from the conference was that passive house retrofit costs are decreasing considerably. Researchers from Sweden presented a case where a passive house standard, multi-story building retrofit received positive value 16 years after the retrofits – a valuable insight for the social housing sector in the EU.
REVALUE’s results sparked interest from an organisation in the US, who is seeking to conduct a similar study in New York City. Further collaboration with them will be discussed over the coming months.
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