For many owners, the energy-related renovation of buildings entails high costs.
(Photo: IMAGO / Shotshop)
Frankfurt For many of Germany’s house and apartment owners, the forthcoming amendment to the laws on energy-efficient renovation of buildings could be extremely expensive. According to a new report by Deutsche Bank, a third of the bank’s customer owners are facing costs that are beyond their financial means. This is the result of a so-called white paper from the financial institution on the subject of energy-related renovation, which Deutsche Bank presented on Wednesday.
“According to our scenarios, the costs for the energy-efficient refurbishment for a third of the owners will exceed their financial possibilities if they have to finance expenses entirely through a loan,” says Tobias Horn, Head of Portfolio Management & Strategy in the bank’s private customer business, the Handelsblatt.
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