Raptors return on investment is the real dealMLS Cup the winning goal in record-breaking season for soccer in North AmericaNorth America’s oldest sport catches momentum in new professional localesCanadian Football League fanatics fuel financialsCanada’s Davis Cup team finding love --
This month, lawmakers in the European Union passed the Energy Performance of Buildings Directive. The rollout will be gradual — lasting more than a decade — but property owners that fall too far behind risk being saddled with assets that can no longer be sold or rented. For real estate investors, the new wave of green requirements adds to the fallout from higher interest rates. The situation has started to attract short sellers, who are now targeting the weakest links in a global property market that’s struggling on multiple fronts.Europe’s new energy-performance law is likely to affect tens of thousands of buildings across the region. By 2033, property owners will need to have renovated a quarter of the EU’s biggest energy-guzzling buildings.
“In a lot of places, you’re going to struggle,” Gott said. “If you don’t hit those EPC targets, it becomes effectively illegal to rent the space. It will affect the capital value of the building.” Such considerations have taken on growing importance in investment negotiation and decision processes, said Jean-François Vandenberghe, a real estate specialist at Baker McKenzie. Some asset owners and managers are embracing the new trend, while others are focused on mitigating the obligations, he said.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: CBC - 🏆 32. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: CTVToronto - 🏆 9. / 84 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »