Poor prospects for houses with poor energy performance

by time news

2023-10-29 11:57:31

According to service provider Jones Lang Lasalle (JLL), residential buildings with high energy consumption will continue to lose value compared to efficient properties. According to JLL calculations, in the third quarter, houses in the two lowest efficiency classes G and H were 28.7 percent cheaper than buildings in the best classes A and A+. The company announced this on Sunday.

For their assessment, the market researchers evaluated around 5,000 sales offers for apartment buildings. The trend has slowed down over the course of this year, but the experts do not believe that the development will end. The previous high of energy-related price discounts was reached in March at 28.1 percent.

Two years ago, before the start of the Ukraine war and the associated acceleration of energy price inflation, the price difference between the best and worst energy efficiency was 11.6 percent.

Rising costs for renovations

JLL head of market research Sören Gröbel sees the causes of the development in rising costs for renovations and loans as well as stricter energy regulations and uncertainty about future federal laws.

In Germany, comparatively few apartments have so far been renovated to make them more energy efficient. According to estimates by housing construction experts, in the recent past it was around one percent of the total housing stock every year.

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“Owners of properties with poor energy efficiency will have increasing difficulties in renting, selling and financing their properties in the future,” predicted Roman Heidrich, senior property valuation specialist at JLL.

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