The EU is having a talk about requiring all homes in the EU....to be a minimum standard on insulation and energy standards.
Where this standard would lie? Well....this part is not openly discussed and it's hard to figure if most houses would presently meet the standard.
What you tend to notice.....the German 'head' of Construction (Geywitz, SPD) isn't that happy over the idea, and would prefer they (the EU) drop the agenda.
What's the landscape over this?
Imagine you own a apartment building with 16 units in it....built in the 1960s, and marginally renovated in 2005. Your rent is x-amount.
So then imagine some EU standard dumped on you, and you've got six years to reach a new level of renovation. You bring the specialist in and he adds up the amount of work/material, and then says it's in the 300,000 Euro range to get the building up to this level. You then sit and figure the work, and the new rent-scheme, suggesting that when this is done.....there's a doubling of rent to reach pay-back for you and the bank-loan involved.
Yeah, there's going to be a disconnect between you and the rent-folks.
So imagine this at Frankfurt, and dozens of apartment buildings failing to meet the EU standard. Imagine the same in Mainz, and so on.
You would be creating a crisis with a fair number of people unable to pay for the upgrade required by the EU.
Does the EU membership grasp this? I'm not sure.
It's an odd crisis to arrive at the front-door and have discussions about.
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