Islamic mortgages may take a propertys sustainability into account

Fri, 23 Sep 2011
Individuals considering opting for an Islamic mortgage may find the sustainability of a property has an effect on the house's overall value.

Gordon Miller, co-founder and sustainability and communications director at Sustain Worldwide - an advocacy membership organisation promoting the advantages of eco-friendly practices - has claimed it is long overdue that such factors are taken into account.

The expert was speaking in response to recent calls from the Royal Institution of Chartered Surveyors that suggested such characteristics be looked at with regards to property valuations.

Mr Miller stated such a move stands to reason, adding: "Sustainable homes are cheaper to run because they are better insulated and require less heating and mechanical cooling and they are fitted out with hands-off energy saving applications."

The value of an eco-friendly dwelling is also likely to increase at a quicker pace, he added, explaining these residences are more future-proofed than homes built conventionally.
Salaam-u-Allaikum
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