European Green Deal impacts on real estate market
The European Green Deal will have a significant impact on the European real estate market, driving a shift towards more sustainable and energy-efficient buildings. Here are some key ways: 1. Increased Demand for Energy-Efficient Properties: Tenant Preferences: Tenants are increasingly prioritizing energy-efficient properties, leading to higher demand and rental premiums for green buildings. Investor Demand: Investors are increasingly seeking out sustainable real estate assets, recognizing the long-term value and reduced risk associated with energy-efficient properties. 2. Regulatory Pressures: Stricter Building Codes: The Green Deal will likely lead to stricter building codes and regulations, requiring new buildings to meet higher energy performance standards. Renovation Wave: The "Renovation Wave" initiative aims to significantly increase the energy efficiency of existing buildings. This will require substantial investment in renovations, including insulation, windo...