This publication is an update to the 2010 Policy Framework for Sustainable Real Estate Markets, that was also published by the UNECE Real Estate Market Advisory Group. This update reflects the emergence of key international agreements, such as the 2030 Agenda for Sustainable Development; the Geneva UN Charter on Sustainable Housing; the New Urban Agenda; the Paris Agreement, and the Basel III Agreement, have led to the establishment of new global and regional policy frameworks for future activities on sustainable urban development at all levels.
The current publication also includes updates on the issues such as urbanization, migration and mobility flows, technology and innovation; the growth of emerging markets and asset competition, the change in housing demand oriented towards green buildings and new designs; energy consumption and climate change; and other relevant phenomena. Moreover, this version of the Policy Framework for Sustainable Real Estate Markets maintains that, contrary to the widespread belief that finance and real estate sectors have negative impact on sustainability, they can actually contribute to the achievement of Sustainable Development Goals with the implementation of effective and compatible principles. In particular, the publication shows that these principles can be incorporated by national, local and municipal governments and applied to various forms of real estate.