The enormous potential of existing properties for reducing CO2 emissions is highlighted in the latest Sparda study "Living in Germany 2024". Florian Rentsch, Chairman of the Board of the Association of Sparda Banks, emphasizes that the energy-efficient refurbishment of existing residential buildings is crucial to achieving climate targets. Especially as private households account for a significant proportion of direct emissions in Germany, there is an urgent need for action here.
The study shows that many of the residential buildings for sale in Germany are in lower energy classes. This means that considerable amounts of CO2 could be saved by renovating them to higher efficiency standards. The timing of property sales offers an ideal opportunity for such measures. However, it is clear that additional political incentives and support are needed to make refurbishment costs more attractive to potential buyers.
The study concludes by addressing the urgent need for an improved subsidy policy. Measures such as a reduction in land transfer tax could help to lower the financial barriers to the purchase and renovation of existing properties. This would not only counteract the housing shortage, but also make a significant contribution to reducing CO2 emissions in the residential sector. The results of the study suggest that without targeted subsidies and political framework conditions, the goals of the ecological transformation of the building sector will be difficult to achieve.
© immonewsfeed
