With the rental ban for well-classified G from 2025 and F from 2028, the French are trying to get rid of their energy-intensive homes.
From 2025 it will be prohibited to rent properties with class G. In 2028 it will be the turn of the apartments with class F (then those with class E in 2034). And that’s a lot of houses. According to figures from the Ministry of Ecological Transition, there are between 4.9 and 7 million energy filters (homes classified F and G) among the 29 million homes in France. For example, between 17% and 24% of the French housing stock is said to be of this type.
The result of this measure is starting to be felt. A joint study by MeilleursAgents and SeLoger shows that by 2021, 12.9% of homes advertised on the analyzed sites were energy sieves. “During 2021, the increase in the number of advertisements for sale will reach +8% for apartments labeled F or G, while it will be limited to +3.5% for apartments with a higher rating. As for energy-intensive houses, increasing the volume of their advertisements (+7.4% over 1 year), while at the same time the trend is falling (-10.4%) for the houses for sale with a better ECD”, note the two specialists.
Up to -17% capital loss
And it’s not surprising that these poorly rated properties are being written off. With equivalent characteristics (seniority, area, etc.), a property whose DPE is F or G will see its sales price drop by 6.7% compared to that of an average student (C, D or E). An apartment rated F or G with the DPE sells on average 13% less than if it were labeled A or B. With regard to the discount experienced by an energy-intensive home, it rises to -17%.
This relates to the “bargaining leverage that gives the buyer of an energy-intensive home the prospect of undertaking energy renovation work if he plans to rent it,” explains Barbara Castillo Rico, chief of economic studies at Meilleurs Agents and SeLoger.
In France, the increase in real estate prices for colanders is 2%, while for other goods it reaches 5.7%. On the other hand, in Paris, properties rated F or G cost an average of 1.1% more than the others. “The reason for this is that in the capital many historic and prestigious buildings are energy sieves, and households ready to dive into real estate in the capital attach more importance to this feature than to the green value of the property. “. However, MeilleursAgents and SeLoger are seeing a strong influx of energy-efficient apartments for sale on the market in the capital. Paris recorded a +34.3% increase in the number of energy screen announcements, compared to +8% nationally.
