Environmental regulations and the real estate industry

The property development process lies at the heart of the production of the built environment, thus having the greatest impact on the natural environment. With the increased individual and governmental concern about the environment, much pressure is being exerted on the real estate industry to take more account of environmental considerations. In recent years there has been a plethora of national and European environmental legislation having a direct impact on different actors involved in the real estate industry. Examines the impact of such legislation on investors, developers, agents, and occupiers of property. Draws from results of recent research concerning the implications of environmental issues and the real estate industry. Concludes that in order to achieve the goals of sustainable development, there is a need to redefine the ambiguous roles of the professionals, clients, government and regulatory bodies.