The fresh EU rules will hit property owners. Who's gonna pay the most?

New regulations of the European Union drastic changes for home and housing owners in Poland. The rules concern mainly energy standards of buildings, and their consequences can be severe financially for hundreds of thousands of Poles. The introduction of strict standards aims to reduce CO2 emissions, but can in practice lead to a fast increase in the maintenance costs of the property and the request for costly modernisation. Who will gotta pay the most and what changes await the real property market?

Mandatory renovations – what does the European Union impose?

One of the key elements of the fresh government is the introduction of energy classes for buildings, akin to that utilized for household appliances. The European Union is committed to 2030 all residential buildings reached at least energy class E and by 2033 – class D. This means that low-energy property owners will be forced to make costly repairssuch as:

• Replacement of heat sources – ban on coal furnaces and phase out of gas boilers.
• Thermal insulation of buildings – insulation of walls, roofs and foundations.
• Installation of modern heating systemsFor example, heat pumps.
• Installation of photovoltaic panels and another renewable energy sources.

Lack of modernization can mean not only higher heating bills, but besides ban on rental or sale of real estate not gathering energy standards.

How much will it cost Poles?

Experts estimation that the average cost of adapting a single household home to fresh standards will be from 50 000 to 150 000 PLN. In the case of dwellings in old blocks repairs may absorb from 10,000 to 40,000 PLN On the premises. The problem is that many owners no money for specified costly investmentsand state support will be limited.

What's more, prices of construction materials and repair services are rising, which further increases the cost of gathering EU requirements. Already the warming of the home is about 30% more costly than it was 2 years ago. Many repair companies inform that request for their services in the coming years may OvershootingWhich will translate into another raise.

Penalties and restrictions for property owners

The European Union foresees severe consequences for those who will not adapt their properties to the fresh requirements. In Poland:

• Rental ban housing and houses with the lowest energy efficiency.
• Sales restrictions properties that do not meet EU standards.
• Additional taxes or charges for owners of high-energy buildings.

Will the Polish government aid property owners?

Government plans to launch aid schemes for thermomodernisationBut their scale may not be enough. Support measures are to come from, among others, the National Recovery Plan (NRP) and EU funds, but Many experts inform that it is simply a drop in the sea of needs.

The current programmes, specified as Clean Air, offer subsidies for the exchange of furnaces and home warming, but the process of applying for support is complicated and long queues. Many owners can so fail to meet the deadlines imposed by the EU.

Real property marketplace in the face of fresh regulations

Union amendments may lead to a decrease in property value low energy efficiency. People who don't adjust their homes to standards, may have a problem with selling or renting. Even now, real property analysts predict:

• Increase in prices of fresh housingwhich meet energy standards.
• Declining the value of old properties, especially those requiring thorough modernisation.
• Problems with selling houses and apartments in buildings without warming and modern heating systems.

New EU rules put property owners in a hard situation. It is worth it now:

• Check the energy efficiency of your property and estimation the costs of modernisation.
• Track backing programmes and usage available grants.
• Consider replacing the heating systembefore the prices of repair services increase even more.
• Monitor legal changesto avoid penalties and restrictions on rental or sale of property.

Poles must prepare for immense changes in the real property market, and decisions taken now can decide on their financial situation in the coming years.