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Government would 'pay green premium'

A survey has revealed that British Government and oil firms would pay a premium of up to 12 per cent  for an energy-efficient building.

According to the report from The Royal Institution of Chartered Surveyors (RICS) sustainability is still important for property professionals despite the worsening economic climate.

The RICS Global Property Sustainability Survey found that in the UK, it was felt that government departments would pay a maximum premium of around 12 per cent while oil companies would be willing to pay 10 per cent extra.

RICS senior economist Oliver Gilmartin said: ‘It’s not surprising anymore that if a building is going to save you money then people are going to pay a premium for it.

‘They are the most interested in showing the public the efforts they go to because of the public relations payback.’

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