Real estate prices continue to fall - energy efficiency class is crucial

Real estate prices continue to fall - energy efficiency class is crucial

According to a report by www.welt.de, the prices for houses and condominiums continue to plummet. However, this trend does not affect all residential buildings equally, as the factors of age and energy efficiency class now play a decisive role. This means that the price differences in two cities are well over 40 percent.

The effects of this development on the real estate market are diverse. On the one hand, this could mean that older residential buildings that are not energy efficient become less attractive and therefore fall in value. On the other hand, more modern, energy efficient properties could command a higher market value. This could lead to investors investing more in the modernization and energy-efficient renovation of older buildings in order to increase their value.

In addition, these price differences could impact social mix and the generation gap in cities. While high-income households can afford modern, energy-efficient properties, lower-income households may find it increasingly difficult to keep up with rising costs.

Overall, it can be assumed that the real estate market will change significantly in the future as a result of this trend, and it will be crucial how politics and business respond to this in order to avoid social inequality.