EU Green Homes Directive: 270 billion euros for real estate redevelopment

EU Green Homes Directive 270 billion euros for real estate

(Finance) – A. is coming account worth 270 billion euros for Italian properties as a consequence of the European Union’s final green light for the green homes directive. It is the estimate of Unimpresa study centre, in light of the new rules contained in green homes directive according to which by 2050 all homes in Europe must have zero environmental impact. Out of nearly 12.5 million total units, they are over 7.6 million (61%) Italian properties classified in the worst energy classes, i.e. F and G, therefore included among those which, on the basis of the new European rules, will have to be redeveloped, with significant investments borne by families and businesses. The expense to renovate three out of five homes – we read in the Unimpresa press release – those that do not comply with the parameters of the EU directive, stands at around 270 billion, calculated considering an investment that varies from 20 thousand euros to 55 thousand euros for each property.

“This measure demonstrates how the European Union does not look at overall interests, but you very frequently operate on the basis of ideologies. With the result that some countries are advantaged and others, such as Italy, but also Spain, Greece and Portugal, struggle and pay a very high bill – comments the president of Unimpresa, Giovanna Ferrara -. A rethink is needed, above all determination on the part of the Italian parties and those representing the European countries most damaged by the new rules. Governments have two years to implement this EU regulatory madness into their respective systems and in June, after the elections, the new European Parliament will take office. There is theoretical space, therefore, but it must be filled with the political will to change the rules because this time there is a risk of seriously damaging the Italian economy.”

(Photo: Tumisu / Pixabay)

tlb-finance