Real estate from SeLoger
The climate and sustainability law you may have heard a lot about but still don't understand well will bore you. To help you better understand this inevitable law, let's understand its key measures and what they mean for you.
The key things to remember about the climate law and its implications.
The climate and sustainability law: what is it? Adopted in August 2021, the climate and sustainability law is still little known to the French. In fact, according to an Opinionway-SeLoger survey released this year, 71% have no information about either the climate law or related reforms to the Diagnostic Performance Excellence (DPE) energy performance improvement (DPE), which was also revised in 2021. Simply put, the Climate Act aims to combat climate change and build resilience to its impacts. The main objective of this law is to reduce French greenhouse gas emissions by at least 40% by 2030. Climate Act measures affect many areas, including transportation, artificial land drainage, food, and, of course, housing. Regarding this topic, the executive branch primarily seeks to reduce the number of families in energy poverty by fighting energy pass-throughs, i.e., properties rated F or G by the DPE, and expediting energy retrofit work. In France, 15.7% of main homes will be considered energy passages by 2023.
Owning an energy passageway: a compulsory audience.
This is one of the consequences of the climate law: those wishing to sell energy passageway (in the case of monoproprietary rights) must necessarily conduct an energy audit from April 1, 2023. At this time, this new obligation, which is in addition to the DPE obligation, only applies to DPE Class F or G facilities. However, starting January 1, 2025, energy audits will also be mandatory for Class E homeowners. From 2034, facilities classified as D will also be affected. The audit to be passed on to the person wishing to purchase the property includes: a general overview of the property, an assessment of its energy performance, recommendations for works to improve the DPE score, the estimated cost of the works, the main financial assistance to be mobilized, and the possible energy savings to be achieved through these works.
What is the Housing Information Crisis?
26 October
The Climate and Sustainability Act mandates the creation of a Housing Information Crisis (CIL) from January 1, 2023 for new and old dwellings where work affecting energy performance has been carried out after that date. CCIL allows people purchasing a residential property to be aware of the work that has already been done and the work that remains to be done. The December 27, 2022 ordinance defines the work that necessarily requires the creation of a CIL. These include, but are not limited to, roof, exterior wall and window insulation, underfloor insulation, and installation of heating or water heating systems that utilize renewable energy. CIL must necessarily be transferred to the purchaser no later than the date on which the authentic document is signed.
The climate law: how does it affect the rental market?
The climate and sustainability law has had some impact on the French rental market. Effective August 2022, rents for DPE Class F and G properties are subject to IRL rent indexation and owners can no longer charge additional rent. In other words, energy pass-through payments are frozen. In addition, starting in 2023, properties whose energy consumption, expressed in final energy per square meter of living space per year, exceeds 450 kWh (G+ by DPE) are simply excluded from the rental market. These will be followed by Class G facilities in 2025, Class F facilities in 2028, and then Class E rated facilities in 2034. Energy pass owners can receive assistance to renovate their property and bring it into compliance, such as the well-known MaPrimeRénov' program. However, they must agree to rent their property as their primary residence for a minimum of 5 years from the date of payment of the balance and for no more than 6 months. Thermal refurbishment improves DPE's valuation of their property and avoids rent ban and energy audits.
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