Over 300 million new homes will be needed in Africa and Asia by 2030, but construction that uses traditional materials and methods accounts for almost 40% of greenhouse gases. Meeting this need through traditional construction could have a devastating impact on the environment.
There is huge untapped potential to scale up construction of green homes. But a perception exists that green construction is difficult and expensive. This deters developers from exploring the value of building low-cost homes that don’t have negative impact on the environment.
Our evidence shows that we don’t have to pick between affordable or sustainable, and there is growing recognition that if we’re not building sustainably, then it won’t be affordable in the long run. But action is needed to build confidence and increase investment into sustainable approaches on a level necessary to keep up with rapid urban growth.
Successful scale up of low-cost green building methods will require overcoming barriers in two areas – changing perceptions and moving to an enabling environment.
Moving to an enabling environment
Reall’s affordable housing portfolio demonstrates a range of appropriate, green, low-cost solutions delivering lasting impact through innovative methods.
Reall is championing construction that is both commercially and environmentally viable – that is climate-smart and affordable. We can’t afford not to be green – for the houses and inhabitants themselves, for the cities and communities to be sustainable, and for the investment to have long term impact.
The United Nations climate summit, COP25, starts today in the Spanish city of Madrid where climate leaders will push to scale up action and investments into rapidly reducing global greenhouse gas emissions and support broader sustainable development agendas, specifically addressing …
The ribbon-cutting ceremony was attended by Reall’s Director of Investment and Operations Patrick Domingos-Tembwa, Mayor of Beira Daviz Simango and Casa Real Director Marie Odile. The celebration was particularly poignant as these homes managed to withstand the destruction of Cyclone …
Reall are delighted to be partnering with India-based technology firm, Syntellect. Syntellect are committed to giving unbanked people the opportunity to access mortgage finance across Africa and Asia. Syntellenct has created RightProfile, a customer profiling platform designed to help lenders …