The energy quality of buildings will have a greater influence on the purchase price of real estate in the future than in the past. This is the opinion of 90 percent of 240 experts from various sectors of the real estate market who took part in an online survey conducted by the Federal Institute for Research on Building, Urban Affairs and Spatial Development (BBSR). Purchase prices depend on the type of construction, thermal insulation and heating system.
However, only a fifth of experts believe that a building's energy properties are well priced into the current market value. In addition, many experts (71%) do not believe that property owners are willing to invest in building modernization. 72 percent of respondents also believe that there are not enough political incentives and measures for owners to take energy-saving measures.
77% of experts consider the development of mortgage interest rates to be problematic for real estate investments, followed by inflation (55%). 56% of respondents believe that the buyer's market for residential property will shrink drastically. 53% believe that more affordable residential properties will be in demand in the future.
Source and further information: bbsr.bund.de
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