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EU decides: Buildings must be renovated!

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EU decides: Buildings must be renovated!

This is likely to be expensive for homeowners – and no less expensive for tenants. According to an EU decision, oil and natural gas should be banned from heating systems in buildings by 2040. This applies after critics as one of the “biggest interventions in private property” in the history of the EU. Explosive: The buildings should be “emission-free” throughout by 2050.

All this means translated: Anyone who relies on a new gas system now must expect to end up having to take it out of operation prematurely. So-called heat pumps and other electricity-powered heating systems should become mandatory. If this is also implemented in Germany, then this obligation will take effect from 2040. In less than 16 years.

Anyone who owns an old house will probably run the risk of having to write off the property with this “deal”. In many cases, a new heating system based on electricity may not be worth it. The building would need to be renovated. But who completely renovates an old, really old house when the renovation costs are likely to exceed the value of the houses.

Or to put it another way: The value of these houses is likely to drop suddenly – or has actually fallen. This is not just called encroachment on private property, but also direct economic damage. Actually since today. However, we described months ago that renovation is not yet mandatory for individual buildings. This is true with regard to the renovation regulations. From an economic point of view, this is exactly what needs to happen now.

The report:

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The EU no longer requires renovation of individual buildings

Remediation is no longer mandated at the individual level. The states must each demonstrate a share of the energy efficiency savings. This can also be solved, according to the Ministry of Construction (or the Minister of Construction), in such a way that billing is carried out at district level. So: Well-renovated houses could be offset against poorly renovated properties.

The national law on this has not yet been adapted, so there is no binding news yet. However, it is currently still not completely satisfactory, according to critics. Because the EU requires fundamental savings in energy consumption when it comes to energy efficiency. This also applies to “green energy” – which is thrown into a standard pot.

The bottom line is that what has been decided should be a relief for many homeowners, as they will not have to renovate on their own account if in doubt – if the neighborhood allows it. On the other hand, green energy is becoming less attractive.

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