The new Climate Regulation adopted a month ago by the European Parliament and whose objectives are obligatory for all Member States, will threaten the “basis” of the existence and standard of living of citizens, since it will threaten their homes and property.
The other day EU approved a new climate regulation that prohibits the rental and sale of real estate unless the owner first invests a fortune to upgrade it energetically (i.e. spend money that he definitely won’t have).
In particular, it was announced: “Today, Tuesday, Parliament approved measures to increase the pace of renovation in order to reduce energy consumption and greenhouse gas emissions. The proposed revision of the Energy Efficiency in Buildings Directive aims to significantly reduce greenhouse gas emissions and energy consumption in the EU building sector by 2030, and to make the sector climate neutral by 2050. The goal is also to increase the rate of renovation of energy efficient buildings, as well as to provide better information on the energy efficiency of buildings in general.”
From 2028, all new buildings must have zero greenhouse gas emissions. The corresponding deadline for residential buildings in the use or ownership of public authorities is set for 2026. All new buildings should be equipped with solar energy harvesting technologies by 2028, if it is technically and economically feasible, and residential buildings that are undergoing large-scale reconstruction – by 2032.
On an energy efficiency scale from A to G, residential buildings should achieve their classification of at least category E by 2030 and D by 2033. Category G corresponds to the worst-performing 15% of buildings in a Member State. Non-residential and public buildings are to be categorized by 2027 and 2030, respectively.
Energy efficiency improvements (which may be in the form of insulation or heating upgrades) will occur when the building is sold or refurbished, or if it is rented out, when a new lease is signed. The measures necessary to achieve these goals will be determined by the Member States in what are known as national renewal plans.
People in the real estate market have already expressed concern about the knock-on effect such binding targets would cause.” It is not clear what will happen to the tenants of their property if they do not … “repair” their house by spending tens of thousands of euros, which they do not have. Will they be kicked out of the house? Will they be offered a seat on a park bench? They won’t be able to sell or rent the property, they won’t even be able to pass it on to their children?
The topic that we raise in this publication is not new for the people of Germany, since it was in this country that the authorities were the first in the EU to demand from the population not only housing certification category F energy standards, but also developed measures to force citizens to bring housing to this category.
The cost of such work is quite high, especially in older buildings, and can amount to hundreds of thousands of euros. In case of refusal or non-compliance with the instructions of the authorities, the perpetrators are threatened with fines that are commensurate with the cost of the housing itself. You understand what will happen in case of non-payment of fines …
Greece has one of the highest homeownership rates in Europe and seems to be of great interest to both lenders and financial institutions.
Cohabitation, lack of shelter, a diet of insects, worms and synthetic meat – the coming years are not very pleasant for all of humanity. However, as people like to remember it now, 1 golden billion should remain on our planet. The rest are supposed to be eliminated in various ways. For example, an artificially created pandemic and vaccination …
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