green homes & mortgages: quality, health and financial ...€¦ · green homes qualified...
TRANSCRIPT
key points
• early investment in the design, construction and materials choice of structure and building envelope is critical
• responsible mortgage finances enables sustainable construction
• banks need to be engaged from an underwriting and risk reduction perspective
• awareness of total monthly cost of home buyer is critical
Energy Efficiency & Green Energy
Location - Community
Sustainable & Healthy Materials
Indoor Air Quality / Wellness
Bio-Climatic Design
Construction Waste Mitigation / introduction of
Circular Economy principles
Construction Site & Property Management
Other Green Design Principles
NOTE – this is for demonstrative purposes and not a financial offer. Please contact
Raiffeisen Bank Romania for more details on their latest offer.
STANDARD OFFER
GREEN MORTGAGE OFFER
First 7 years Variable (> 7 y) First 7 years Variable (> 7 y)
Interest rate formula
ROBOR 3M+ 3.25%
ROBOR3M+ 2.5%
Index Rate 2.10% 2.10%
Analysis Fee 1,600 Ron
Interest rate 5.50% 5.35% 4.75% 4.60%
EPC “B”rated
apartment**
EPC “A”rated
apartment**
Green Homesqualified
apartment
Net savings with Green HOMESSale price of 70 sqm
apartment (€) 79,738 81,731 85,000
Loan amount (€) 67,777 69,471 72,250Monthly mortgage
payment (€) 417 427 412Cost of
energy/apartment/month (€) 101 65 33Total cost of monthly
ownership (€) 518 492 445
• 25 projects totaling over
6.500 apartments or villas
certified or in process (pre-
certified)
• Cluj-Napoca, Iasi, Bucharest,
Brasov
One Herăstrău Park Residence
by 106 apartments
construction
waste reduction
operational
waste
separation
occupant
educational
program
Country Population
Turkey 82,003,882
Italy 60,390,560
Ukraine 42,220,824
Poland 38,433,600
Romania 19,523,621
Belgium 11,449,656
Greece 10,768,193
Czech Rep 10,627,794
Bulgaria 7,050,034
Denmark 5,806,015
Slovakia 5,445,087
Ireland 4,857,000
Georgia 3,729,600Bosnia and Herzegovina 3,511,372
305,817,238
the good news
•excellent work has been done to date
•leaders present or emerging for all essential
stak eholder groups
•supported by a “win-win-win-win” business
case
•H2020 support will help augment and
replicate existing work
the initiative
•uses the power of finance to facilitate
construction of the highest performing Green
Homes
•Looks beyond energy efficiency to address
other non-energy green criteria.
•Creates a European framework while
allowing for local flexibility in certifying Green
Homes
energy poverty
•Assist fuel poverty initiatives by assisting
governments and banks to understand the
energy efficiency and other green criteria
performance of low income residential project
next
steps?
•early design involvement by residential project
developers, interest from financial institutions
•18 months – project implementation
•follow the “Network for Greening the Financial
System”