The study examines the various risks associated with building renovation investments in the European context and offers strategies for risk mitigation tailored to investors.

Using qualitative analysis, expert interviews, and quantitative techniques, it identifies key risk factors in regulatory, financial, technical, and market domains. 

Effective risk management strategies include thorough due diligence, proactive stakeholder engagement, and contingency planning. 

The research aims to help investors make informed decisions and enhance project success, contributing to a more resilient and sustainable built environment.