Colliers: Sustainability directly influences the financing cost in real estate. Green finance is becoming a new standard

Sustainability criteria are playing an increasingly important role when banks finance real estate projects in Romania, while buildings that meet green finance standards can obtain better terms. These are the findings of the first study of its kind carried out by Colliers on the local market, based on responses from four commercial banks, which together hold more than half of the Romanian banking system’s assets, and two multilateral development banks active in the real estate sector. The clearest rule identified for new buildings is the NZEB-10% standard, applied by all the institutions analysed. As this criterion becomes increasingly important in the granting of green finance, the difference between energy-efficient buildings and lower-performing assets will become more visible both in terms of access to financing and the conditions offered.

In practice, all six institutions a...