Incentives through Transparency: European Rental Housing Framework for Profitability Calculation of Energetic Retrofitting Investments

Project Information

RentalCal

Grant agreement ID: 649656

DOI 10.3030/649656

Project closed

EC signature date 5 February 2015

Start date 1 March 2015

End date 31 July 2018

Funded under

• SOCIETAL CHALLENGES - Secure, clean and efficient energy

Total cost € 1 996 766,25

EU contribution € 1 996 765,75

Coordinated by

INSTITUT WOHNEN UND UMWELT GMBH
Germany

Deliverables

Documents, reports (28)

Methods for Profitability Calculation in EXCEL (VOFI)

Description of the calculation methodology

International Conference

Organization and moderation of a key stakeholder international conference, possibly integrated in another high ranked conference or stakeholder venue in specific countries or an EU-sponsored venue. Includes documentation and report.

National Case Studies

Report on the execution of 16 (2 in each participating country) real world case studies

Recommendations for Reporting and Documentation

Report on the recommendations for reporting and documentation

Fact Sheets Regarding Grants and Other Subsidies

Report with 8 country specific sections, containing a description of grants and other subsidies for each partner country with a comparative descriptive analysis, and data sets

3 Scientific Articles/24 Other Articles

Publication of 3 scientific articles and 24 target group specific practitioner related articles (three in each country)

Communication Plan

Updated and more detailed communication plan containing specific actions and measures.

Experts' Seminars/Webinars

Execution and documentation of 2 experts' seminars per participating country Execution and documentation of 4 webinars (online workshops) Execution and documentation of 6 university-seminar in Germany (2), Netherlands (1), UK (1), Spain (1), Denmark (1)

Fact Sheets for the Residential Buildings as well as Building Types

Report with 8 country specific sections, containing residential building stock features and building types, with data sets and a comparative descriptive analysis

Package of Measures and Best Practice Approaches

Report with 8 country specific sections, containing a description of packages of measures and best practice approaches for reducing/removing market barriers for increased willingness to pay, with a comparative descriptive analysis, and data sets where applicable

Fact Sheets for Energy Saving Measures

Report with 8 country specific sections, with a description of possible energy saving measures and related costs for each partner country, with data sets and a comparative descriptive analysis

Reports of Testing

Report on test results of the D7.1 case studies with recommendations for improvement and calibration of the calculation framework

"Fact Sheets Regarding ""Green-Premiums"" for Energy Efficiency"

Report with 8 country specific sections, containing a description of “green-premiums”, i.e. energy efficiency related value drivers (rental premiums, sales price premiums, higher occupancy rates ) for each partner country with a comparative descriptive analysis, and data sets where applicable

Document for Requirements Specification and User Manual

Documentation of requirements specification and user manual of the web based calculation tool

Scenario Set Up

"Compilation of country specific scenarios (combination of typology of buildings, ownership, retrofit measures and conditions), description of the ""configurator”, i.e. the selection structure "

Fact Sheets Regarding Financing Conditions

Report with 8 country specific sections, containing a description of financing conditions (cost of capital, institutions, durations, conditions) for each partner country with a comparative descriptive analysis, and data sets

Fact Sheets for Energy Saving Calculation and Environmental Relief

Report with 8 country specific sections, containing a description of energy saving calculation methods and energy saving potentials for each partner country with data sets and a comparative descriptive analysis

Fact Sheets Regarding Types of Investors and Stakeholders

Report with 8 country specific sections, with a descriptive analysis and classification of rental housing market ownership structures and stakeholders in each participating country, with a comparative descriptive analysis, and data sets where applicable

Risk Modelling Approach for Calculation

Description of the risk modelling methodology

Fact Sheets Regarding Rent Regulations and Statutes

Report with 8 country specific sections, featuring a descriptive analysis and classification of rent regulations and statutes with a comparative descriptive analysis, data sets where applicable

24 NAB Meetings

Organization of 24 (3 in each participant country) meetings with national advisory boards during the project phase. Includes documentation and report.

Fact Sheets Regarding Building Requirements and Planning Codes

Report with 8 country specific sections, with a description of relevant building requirements and planning codes for each partner country, with a comparative descriptive analysis, data sets where applicable

Fact Sheets Regarding Parameters of Decision Taking

Report with 8 country specific sections, containing a description of relevant parameters of decision taking related to energetic retrofitting investments in the rental housing stock for each partner country, with a comparative descriptive analysis, and data sets where applicable

Different Sheets and Databases Structuring the Input Data

Report on the compilation of the required datasets derived in WP 2,3,4,5 on country level, aggregated data base and descriptive analyis

Test- and Sample Calculations (Cases)

Report on the execution and results of test and sample calculations

Fact Sheets Regarding Constellations for Decision Making

Report with 8 country specific sections, description of constellations for decision taking regarding to energetic retrofitting investments in the housing stock for each partner country, with a comparative descriptive analysis, and data sets where applicable

Results of Four Empirical Studies

Report featuring the results of four country specific empirical studies (hedonic pricing models regarding pay-off of energy efficiency investments)

Fact Sheets Regarding Taxation and Accounting

Report with 8 country specific sections, with a description of relevant tax codes and accounting standards for each partner country, with a comparative descriptive analysis, data sets where applicable

Websites, patent fillings, videos etc. (2)

Project Website

Setting up a public project web site with information about the goals, the approach and the progress of RentalCal, with regular updates

Workshops for Investors

Execution and documentation of 16 (2 in each participating country) workshops for investors

Demonstrators, pilots, prototypes (1)

Online-Information Platform

Setting up a public web site supporting the calculation module with target group specific information

Other (1)

Web based Calculation Portal

Implementation of the calculation methodology and national data input in a web based user interface with server based data hosting

Publications

Conference proceedings (8)

Drivers of household energy consumption- Energy efficiency labelling as a Credible Signaling Device (paper)

Author(s): Franz Fuerst & Hassan Adan, UCAM
Published in: RentalCal, Issue 2017, 2017
Publisher: European Green Cities

H2020 – RentalCal – European rental housing framework for the profitability calculation of energy efficiency retrofitting investments

Author(s): Zeitler, Joseph-Alexander
Published in: Journal of Property Investment & Finance, Issue Vol. 36 Issue: 1-2018, 2018, Page(s) pp.125-131
Publisher: Journal of Property Investment & Finance

Six barriers and one solution for saving energy

Author(s): Franz Fuerst, Donald Stevens, University of Cambridge
Published in: RentalCal, Issue 2017, 2017
Publisher: European Green CIties

Assessing Energy Efficiency Retrofit Valuation Risk: A RentalCal Tool Exemplary Case for Germany

Author(s): Franz Fuerst, Donald Stevens, Hassan Adan, UCAM
Published in: RentalCal, Issue 2017, 2017
Publisher: European Green Cities

"""Are energy efficiency ratings ignored in the german housing market? – evidence from a large-sample hedonic study"""

Author(s): Franz Fuerst, University of Cambridge, Sven Bienert University of Regensburg, Marcelo Cajias Patrizia Immobilien ag,
Published in: EUROPEAN REAL ESTATE SOCIETY 23rd Annual Conference June 8-11, 2016, Regensburg, Bavaria/Germany, Issue 23rd Annual Conference, 2016
Publisher: EUROPEAN REAL ESTATE SOCIETY

Evropský projekt RENTALCAL pro hodnocení opatření vedoucích ke snižování energetické náročnosti v sektoru nájemního bydlení

Author(s): Tomas Vimmr
Published in: Regenerace bytového fondu a veřejných budov, Energeticky úsporné stavění, Issue 1st edition, November 2016, 12th Annual National Conference, 2016, Page(s) 127-129, ISBN 978-80-7086-008-3
Publisher: CSI, a.s.

Decision Support Tools for Economically Viable Energy Efficiency Retrofitting in the European Rental Housing Stock

Author(s): Tomáš VIMMR , Andreas ENSELING , Thomas LÜTZKENDORF , Iris BEHR, Martin VACHE, Alexandra BEER
Published in: Central Europe towards Sustainable Building 2016, Issue 1st edition. Prague, CESB16 - Central Europe towards Sustainable Building 2016, 2016, Page(s) 431, 432, ISBN 978-80-271-0248-8
Publisher: Grada Publishing

Energy Capitalization in the Dutch Rental Market

Author(s): Dirk Brounen, TIAS
Published in: ERES, Issue 2016, 2016
Publisher: ERES conference 2016

Non-peer reviewed articles (4)

2 simple economic reforms could create massive energy conservation in smart energy systems

Author(s): Frede Hvelplund, Aalborg University
Published in: HOT I COOL - international magazine on district heating and cooling, Issue 2-2017, 2017, Page(s) p.14-18, ISSN 0904-9681
Publisher: DBDH

Energirenovering af lejeboliger kan betale sig

Author(s): Elsebeth Terkelsen
Published in: Pengevirke, Issue 3-2017, 2017, Page(s) p.15, ISSN 1901-2020
Publisher: Merkur Andelskasse

*UNDER REVIEW* Is there an Economic Case for Energy- Efficient Dwellings in the UK Private Rental Market?

Author(s): Hassan Adan and Franz Fuerst
Published in: Energy and Buildings, Issue 2018, 2018, Page(s) under review
Publisher: Energy and Buildings

Risks and Uncertainties Associated with Residential Energy Efficiency Investments.

Author(s): Donald Stevens, Hassan Adan, Dirk Brounen, Franz Fuerst, Dimitra Kavarnou and Ramandeep Singh
Published in: Real Estate Finance, Issue 2018, 2018
Publisher: Real Estate Finance

Other (40)

Stručná informace o projektu

Author(s): Tomas VImmr
Published in: TZB-info, Issue 09.08.2018, 2018
Publisher: TZB-info

Kalkulátor pro hodnocení ekonomické návratnosti energetických opatření v nájemních domech

Author(s): Tomas Vimmr
Published in: TZB-info, Issue 21.08.2018, 2018
Publisher: TZB-info

The French private rented housing stock, black hole of the energy efficiency renovation

Author(s): Sarah Stocco and Julie Monot, association DELPHIS
Published in: RentalCal, Issue 2017, 2017
Publisher: European Green Cities

De la nécessité de modifier les modes de calcul de la rentabilité des investissements dans la réhabilitation énergétique de son patrimoine locatif immobilier.

Author(s): Francis DEPLACE, Charlotte LIMOUSIN, DELPHIS
Published in: delphis-asso.org, Issue 2018, 2018
Publisher: Delphis

Surmonter les obstacles à la réhabilitation énergétique du patrimoine locatif privé: pistes de réflexion pour une politique plus efficace

Author(s): Francis DEPLACE, Charlotte LIMOUSIN, Delphis
Published in: Delphis, Issue 2018, 2018
Publisher: Delphis

Erweiterte Wirtschaftlichkeitsanalyse der energetischen Modernisierung

Author(s): Dr. Andreas Enseling, IWU und Prof. Dr. Thomas Lützkendorf, KIT
Published in: DW I die Wohnungswirtschaft, Issue 11/2017, 2017
Publisher: DW I die Wohnungswirtschaft

Kunst oder Wissenschaft - interview with professor Sven Bienert

Author(s): Sven Bienert, Universität Regensburg
Published in: DWS, Issue 2017, 2017
Publisher: European Green Cities

Energetische Gebäudesanierung - Eine ökonomische Betrachtungsweise

Author(s): Prof. Dr. Sven Bienert, M.Sc. Joseph-Alexander Zeitler, Maximilian Spanner
Published in: Der Immobilienreport Regensburg, Issue 2017, 2017, Page(s) p. 40-47
Publisher: Der Immobilienreport Regensburg

RentalCal: Mieterstrom als zusätzlicher Investitionsanreiz

Author(s): Behr/Enseling/Vache
Published in: RentalCal.eu, Issue 2017, 2017
Publisher: European Green Cities

RentalCal: Energieeffizienz und Investitionskosten

Author(s): Behr/Enseling/Vache
Published in: RentlaCal.eu, Issue 2017, 2017
Publisher: European Green Cities

RentalCal: Der deutsche Mietwohngebäudebestand

Author(s): Behr/Enseling/Vache
Published in: RentalCal, Issue 2017, 2017
Publisher: European Green Cities

RentalCal: Nicht-monetäre Effekte

Author(s): Lützkendorf/Mörmann
Published in: RentalCal, Issue 2017, 2017
Publisher: European Green Cities

Wirtschaftlichkeit energieoptimierter Gebäude

Author(s): Enseling/Lützkendorf
Published in: BINE - Themen Info, Issue III/2017, 2017
Publisher: BINE - Themen Info

RentalCal: Zusammenfassung der für Deutschland relevanten Ergebnisse

Author(s): Lützkendorf/Mörmann
Published in: RentalCal, Issue 2018, 2018
Publisher: European Green Cities

Metastudie – Nachhaltigkeit contra Rendite. In: Beiträge zur Immobilienwirtschaft

Author(s): IREBS - Metastudie
Published in: IREBS, Issue 2016, 2016
Publisher: IREBS

Grün kommt. Europäische Nachhaltigkeitsstatistik 2017

Author(s): RICS, IREBS
Published in: IREBS, Issue 2017, 2017
Publisher: IREBS

Kalkulator wyliczy korzyści właściciela i najemcy z poprawy efektywności energetycznej

Author(s): NAPE
Published in: Administrator, Issue 2017, 2017
Publisher: Administrator

INWESTYCJA W DZIAŁANIA ZWIĘKSZAJĄCE EFEKTYWNOŚĆ ENERGETYCZNĄ W NIERUCHOMOŚCIACH NA WYNAJEM

Author(s): NAPE
Published in: INFORMACJA ZRZESZENIA AUDYTORÓW ENERGETYCZNYCH, Issue 2018, 2018
Publisher: INFORMACJA ZRZESZENIA AUDYTORÓW ENERGETYCZNYCH

RentalCal pomoże ocenić rentowność projektu modernizacji energetycznej

Author(s): NAPE
Published in: ADMINISTRATOR, Issue 2018, 2018
Publisher: ADMINISTRATOR

Projekt RentalCal – to projekt badawczy wyznaczający ramy do obliczania opłacalności modernizacji energetycznej nieruchomości mieszkalnych pod wynajem

Author(s): NAPE
Published in: INFORMACJA, Issue 2018, 2018, Page(s) P. 9-10
Publisher: INFORMACJA

Mieszkanicznik w Komitecie Sterującym projektu RentalCal

Author(s): NAPE
Published in: Mieszkanicznik, Issue 2017, 2017
Publisher: Mieszkanicznik

Rode labelkorting loopt op

Author(s): Dirk Brounen
Published in: TIAS, Issue 2017, 2017
Publisher: TIAS

Waarom vastgoedbeleggers nauwelijks kiezen voor groen - masterthesis

Author(s): Olga Jansen: Red, gold and green
Published in: TIAS, Issue 2016, 2016
Publisher: TIAS

El reto de la renovación energetica en la UE

Author(s): Paloma Taltavul
Published in: TRIBUNA, Issue 2016, 2016
Publisher: TRIBUNA

La eficiencia energética en las casas de alquiler, un reto para la UE

Author(s): Paloma Taltavul
Published in: El Mundo, Issue 2015, 2015
Publisher: El Mundo

RentalCal: rehabilitación energética en viviendas de alquiler

Author(s): Paloma Taltavul
Published in: Prefieres, Issue 2015, 2015
Publisher: Prefieres

La eficiencia energética en las viviendas de alquiler, reto de la UE

Author(s): Paloma Taltavul
Published in: IMASTEC, Issue 2015, 2015
Publisher: IMASTEC

La UA participa en un proyecto europeo que promueve la eficiencia energética en la vivienda de alquiler

Author(s): Paloma Taltavul
Published in: INTERCOMARCAL, Issue 2016, 2016
Publisher: INTERCOMARCAL

El proyecto europeo RentalCal promueve la eficiencia energética en viviendas de alquiler

Author(s): Paloma Taltavul
Published in: www.schluter.es, Issue 2015, 2015
Publisher: www.schluter.es

Mejorar la transparencia en las inversiones en eficiencia energética para el mercado de alquiler

Author(s): Paloma Taltavul
Published in: www.fevymar.com, Issue 2015, 2015
Publisher: www.fevymar.com

REHABILITACIÓ ENERGÈTICA A L’HABITATGE DE LLOGUER

Author(s): Paloma Taltavul
Published in: L'escoltador, Issue 2015, 2015
Publisher: L'escoltador

La eficiencia energética en las viviendas de alquiler, objetivo de la UE

Author(s): Paloma Taltavul
Published in: www.imoprat.com, Issue 2015, 2015
Publisher: www.imoprat.com

Un proyecto europeo promueve la eficiencia energética en la vivienda de alquiler

Author(s): Paloma Taltavul
Published in: www.ruvid.org, Issue 2015, 2015
Publisher: www.ruvid.org

Europa estudia la viabilidad económica de las reformas de la vivienda de alquiler para lograr la eficiencia energética

Author(s): Paloma Taltavul
Published in: www.tendencias21.net, Issue 2015, 2015
Publisher: www.tendencias21.net

Valoración inmobiliaria, eficiencia energética y viviendas en alquiler, una necesidad clamada en la Unión Europea

Author(s): Paloma Taltavul
Published in: Directivos y Empresas' magazine num 162, 2018., Issue 2018, 2018
Publisher: Directivos y Empresas' magazine num 162, 2018.

Real estate sustainability: UK approaches junction

Author(s): Franz Fuerst, Hassan Adan, Dimitra Kavarnou, and Ramandeep Singh
Published in: IPE Real Assets, Issue 2018, 2018
Publisher: IPE Real Assets

Værdiberegning ved Energirenovering

Author(s): Elsebeth Terkelsen
Published in: RentalCal, Issue 2018, 2018
Publisher: European Green CIties

Groene huurpremies in de woningmarkt

Author(s): Dirk Brounen
Published in: TIAS, Issue 2016, 2016
Publisher: TIAS

VastgoedLAB contributes to European research into investment in energy efficiency

Author(s): Dirk Brounen
Published in: TIAS, Issue 2016, 2016
Publisher: TIAS

Wer investiert, gewinnt

Author(s): Andreas Enseling
Published in: GEB 02-2016 (Gebäudeenergieberater), Issue 02-2016, 2016
Publisher: GEB 02-2016

Peer reviewed articles (4)

Tearing Down the Information Barrier: The Price Impacts of Energy Efficiency for Buildings in the German Rental Market.

Author(s): Franz Fuerst, Marcelo Cajias, Sven Bienert
Published in: Energy Research and Social Science, Issue 2018, 2018, ISSN 2214-6296
Publisher: Elsevier Limited

Determinants of Energy Consumption and Exposure to Energy Price Risk: A UK Study

Author(s): Franz Fuerst, Dimitra Kavarnou, Ramandeep Singh, Hassan Adan
Published in: Zeitschrift für Immobilienökonomie, Issue 2019, 2019, ISSN 2198-8021
Publisher: Springer

Do energy efficiency measures really reduce household energy consumption? A difference-in-difference analysis

Author(s): Hassan Adan, Franz Fuerst
Published in: Energy Efficiency, Issue 9/5, 2016, Page(s) 1207-1219, ISSN 1570-646X
Publisher: Springer Verlag
DOI: 10.1007/s12053-015-9418-3

The Chain of Effects of Energy Retrofit Measures – A Contribution to the Project RentalCal

Author(s): Kai Mörmann, Thomas Lützkendorf
Published in: Energy Procedia, Issue 96, 2016, Page(s) 363-374, ISSN 1876-6102
Publisher: Elsevier Ltd.
DOI: 10.1016/j.egypro.2016.09.160