German Homeowners Reluctant to Undertake Energy Renovations Without Legal Mandates
A recent study by ING reveals that nearly one-third of German homeowners are hesitant to retrofit their properties for energy efficiency unless legally required. Despite rising costs of renovations, the price premium for energy-efficient homes has significantly increased. The study highlights a growing disconnect between homeowners and available government subsidies, with many unaware of existing assistance programs. Experts predict a looming depreciation of non-renovated properties, emphasizing the critical role of energy efficiency in the future real estate market.