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Third Industrial Revolution Consulting Group<br />

Shallow renovation<br />

path<br />

Intermediate renovation<br />

path<br />

Deep renovation path<br />

Comparison of building renovation paths in Europe: In the shallow renovation<br />

path the minor renovations continue to represent most activity over the next two<br />

decades (top), in intermediate renovation path minor renovations continue to be most<br />

common for the next decade, but fall away and deep renovations grow to 65% of<br />

activity by 2050 (middle), in the deep renovation path, deep renovations become the<br />

dominant activity by the end of this decade and remain so until 2050. Source: BPIE<br />

135

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