ABSTRACT
In trying to understand sustainable real estate and the challenges facing the property industry in delivering a sustainable real estate product, it is critical to understand the context and delivery mechanisms within which the real estate product is placed. By doing this, efforts can focus on the key change elements more effectively. This chapter seeks to understand the place of real estate in the economic systems that allocate the scarce resources between competing needs and what steps have been taken by interested parties including professional bodies and notably the international community, to improve the knowledge within the economic systems that allocate scarce resource to ensure that sustainable features of real estate are recognised and priced appropriately into the market. It is essential to recognise that the delivery of sustainable real estate is not happening in a vacuum and that technology and innovation are happening all around our focus on sustainable real estate and the pace of change is increasing.
