2024: New regulations for real estate through the Building Energy Act - What you need to know as a financial expert

2024: New regulations for real estate through the Building Energy Act - What you need to know as a financial expert

According to a report by www.saarbruecker-zeitung.de,

New real estate regulations will come into force in 2024. The new Building Energy Act (GEG) from Federal Minister of Economics Robert Habeck brings with it far-reaching changes that property owners and developers must take into account. As an expert in the real estate market, I would like to explain to you the possible effects of these new regulations.

According to the new GEG, property owners are obliged to comply with certain energy standards for heating systems, insulation and other energy measures. This can lead to higher investment costs when renovating existing properties, which in turn could impact the real estate market. In addition, developers who want to build new properties from 2024 must also take the new regulations into account, which can lead to changes in construction costs and planning processes.

The effects on the real estate market could be diverse. On the one hand, the higher requirements for energy efficiency could lead to newer properties becoming more attractive and increasing in value. On the other hand, existing properties could lose value due to the higher requirements for renovations and modernizations if the costs are too high for the owners.

It is advisable that property owners and developers inform themselves about the new regulations in good time and, if necessary, consult experts in order to make the best possible decisions for their properties. In any case, the new Building Energy Act (GEG) of 2024 will have far-reaching effects on the real estate market and should therefore be carefully monitored by everyone involved.