Despite the challenges of rising energy costs and uncertainty in the market, a new study by real estate experts has shown that properties with poor energy performance may be seeing a stabilization in prices. This is due to several factors, including stabilized construction costs and financing rates.
The study found that in the first quarter of this year, there was only an average price difference of 25.1% between apartment buildings with top energy efficiency ratings (A/A+) and the worst ratings (G/H), compared to 26.9% at the end of last year. This suggests that buyers are beginning to place more value on energy efficiency when making property purchasing decisions.
However, selling unrenovated properties remains difficult, especially in rural areas where buyers may struggle to offset the costs of expensive energy-saving renovations with lower rental income. The gap between old and new properties is expected to widen according to expert Sören Gröbel.
Despite these challenges, it’s encouraging to see that there is a slight improvement in property values. Energy efficiency is becoming a key factor in property valuation and purchasing decisions, signaling a positive shift in the real estate market as buyers become more conscious of their long-term costs associated with buying and owning a property.