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Strategies for deep renovation market of detached houses

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  • Mainali, Brijesh
  • Mahapatra, Krushna
  • Pardalis, Georgios

Abstract

Deep renovation of the buildings is a key for sustainable development, however, the rate of deep renovation of residential buildings in the European Union (EU) is lower than what is required to meet the climate and energy goals. This paper analyses peculiarities and commonalities in market conditions and approaches to deep renovation of single-family (or detached) houses in Denmark and Sweden. The market analysis covers the Political, Economic, Social and Technical (PEST) dimensions and is based on systematic literature review and findings of market gap analysis. The PEST analysis is complemented with responses from 49 stakeholders/experts to examine the strengths, weaknesses, opportunities and threats (SWOT analysis) for deep renovation market. The synthesis of SWOT and PEST led to some strategies for deep renovation. Furthermore, policies and strategies adopted by some other countries have been discussed to place findings from this study in the regional and global context. Capacity building in designing and managing deep renovation with technological advancement and construction practices; and enforcement of quality assurance systems of artisans could avoid the perceived risk and inconveniences associated with renovation. Encouraging systematically planned stepwise deep renovation through One-Stop shop and linking such renovation with appropriate financing mechanism could attract more homeowners with financial limitations. Besides, clustering several houses in need of renovation and appropriate energy/carbon pricing mechanisms could make the renovation market more attractive for investors and construction companies. The findings of this paper are of interest for the construction companies, policymakers, investors, and analysts about deep renovation market.

Suggested Citation

  • Mainali, Brijesh & Mahapatra, Krushna & Pardalis, Georgios, 2021. "Strategies for deep renovation market of detached houses," Renewable and Sustainable Energy Reviews, Elsevier, vol. 138(C).
    • Handle: RePEc:eee:rensus:v:138:y:2021:i:c:s1364032120309436
    DOI: 10.1016/j.rser.2020.110659
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    2. Hengtian Wang & Xiaolong Yang & Xinxin Xu & Liu Fei, 2021. "Exploring Opportunities and Challenges of Solar PV Power under Carbon Peak Scenario in China: A PEST Analysis," Energies, MDPI, vol. 14(11), pages 1-28, May.
    3. Miguel Macias Sequeira & João Pedro Gouveia, 2022. "A Sequential Multi-Staged Approach for Developing Digital One-Stop Shops to Support Energy Renovations of Residential Buildings," Energies, MDPI, vol. 15(15), pages 1-27, July.
    4. Pardalis, Georgios & Talmar, Madis & Keskin, Duygu, 2021. "To be or not to be: The organizational conditions for launching one-stop-shops for energy related renovations," Energy Policy, Elsevier, vol. 159(C).
    5. Theo Lynn & Pierangelo Rosati & Antonia Egli & Stelios Krinidis & Komninos Angelakoglou & Vasileios Sougkakis & Dimitrios Tzovaras & Mohamad Kassem & David Greenwood & Omar Doukari, 2021. "RINNO: Towards an Open Renovation Platform for Integrated Design and Delivery of Deep Renovation Projects," Sustainability, MDPI, vol. 13(11), pages 1-21, May.
    6. Davor Končalović & Jelena Nikolic & Vladimir Vukasinovic & Dušan Gordić & Dubravka Živković, 2022. "Possibilities for Deep Renovation in Multi-Apartment Buildings in Different Economic Conditions in Europe," Energies, MDPI, vol. 15(8), pages 1-15, April.
    7. Tzani, Dimitra & Stavrakas, Vassilis & Santini, Marion & Thomas, Samuel & Rosenow, Jan & Flamos, Alexandros, 2022. "Pioneering a performance-based future for energy efficiency: Lessons learnt from a comparative review analysis of pay-for-performance programmes," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
    8. Paola Lassandro & Anna Devitofrancesco & Alice Bellazzi & Alessio Cascardi & Giulia De Aloysio & Luca Laghi & Roberto Malvezzi, 2023. "Facing the Constraints to the Deep Energy Renovation Process of Residential Built Stock in European Markets," Sustainability, MDPI, vol. 16(1), pages 1-31, December.

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