Since the Climate & Resilience Law of August 22, 2021, "thermal sieves" have been the target of the government. These energy-intensive homes will gradually be banned from being rented. This is enough to shake up the real estate market.
The energy performance diagnosis (DPE), which classifies housing from A (low energy consumption) to G (very energy consumption), was the subject of a reform in July 2021, with now a single method for calculating it.
As a result, many properties have seen their energy rating deteriorate. Another novelty: the Climate & Resilience law, which is shaking up the real estate market for both rentals and transactions. Indeed, since August 24, 2022, the rents of housing classified F or G, so-called thermal sieves, can no longer be increased by landlords.
In a few weeks, for any new rental contract signed from January 1, 2023, it will no longer be possible to rent properties consuming more than 450 kilowatt hours (KWh) per m² and per year of final energy, if renovation works energy are not realized.
Other constraints are to come: from 2025, the ban on renting properties classified G, from 2028 those classified F and from 2034 those classified E. As a result, some landlords are tempted to put their housing for sale, and buyers are becoming more and more attentive to the DPE of properties.
Landlords forced to sell
Unable to carry out energy renovation work due to their cost, owners are considering selling their property. This is the case for 26% of landlords interviewed by the National Real Estate Federation (FNAIM) in its latest study. The federation even estimates that nearly 500,000 very energy-intensive homes could leave the rental stock within six years.
Sales of thermal colanders are already increasing in the national territory. According to a study by Meilleurs Agents, specializing in online real estate valuation, and SeLoger, a real estate advertisement portal, they are up 8% in 2021 for apartments classified F or G, against + 3.5% for the best rated apartments.
Price discounts of up to -19% Buyers are increasingly attentive to the level of energy performance of properties. It becomes a purchasing criterion in the same way as proximity to schools, transport, shops, etc. When work is to be expected, buyers do not hesitate to negotiate the selling price. The latest study by the Notaries of France on the green value of old homes also shows that the energy label of a property influences its selling price. In 2021, properties classified F and G suffered a price discount ranging from - 3% to - 19% on average for houses and from - 2% to - 11% for apartments compared to properties classified D, all equal things.
But these levels vary by region. In Auvergne-Rhône-Alpes, the effects of energy labels are the weakest in France, even if apartments and houses classified F or G last year sold for 6% less than equivalent class D properties.
Banks attentive to the energy class of housing When granting home loans, banks must meet the recommendations of the High Council for Financial Stability (HCSF), which have become binding standards. For example, they cannot lend money if the household debt ratio exceeds 35%. Since the Climate & Resilience law and the gradual ban on renting thermal colanders, they take into account other criteria to grant their loans, such as the energy label of the property, whether for the purchase of a main residence, secondary or for a rental investment. If the score in the DPE is too bad, they are now more demanding in terms of personal contribution and residual savings (this is the money that remains in the borrower's bank account after the acquisition ). Their objective: to anticipate the financing of the work to be carried out to bring the housing up to standard. Namely, it is possible to obtain a "green" consumer loan, in order to finance its energy renovation work, at a lower interest rate than that of a conventional consumer credit.
(Translation by Google Translate)
Aid to finance energy renovation work Main aid dedicated to energy renovation work, "MaPrimeRénov'" is aimed at owner-occupiers, as well as landlords and condominiums. For the most modest households, it can finance up to 90% of the estimates and up to 40% for the wealthiest. A landlord can benefit from this bonus for the renovation of three dwellings. The zero-rate eco-loan (eco-PTZ), an interest-free loan to be repaid and with no means test, allows you to borrow up to €50,000 over a maximum period of 15 or 20 years. Intended for owner-occupiers or lessors of housing built more than two years ago, it makes it possible to finance three categories of work, including one-off or comprehensive renovations. From now on, banks will be able to offer a new eco-PTZ, capped at a maximum of €30,000, to finance the rest of the work eligible for MaPrimeRénov’. It will be accessible to all households, regardless of income. Available since January 1, 2022, "MaPrimeRénov 'serenity" is a state subsidy aimed primarily at owners who live in thermal sieves and who want to undertake a comprehensive renovation of their home. Financial aid for energy renovation can also be granted by local authorities. |
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