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Energy efficiency rules now in force for property

Energy efficiency rules now in force for property

A new law has come into force across Austria making it compulsory for properties to include information about their energy efficiency as part of a plan to cut down on CO2 gas emissions.

The EU wide initiative means that properties which have not been thermally insulated or have inefficient heating end up with a poorer rating and should therefore be negatively rated when being sold or rented.

The idea is to offer incentives to property owners to make sure that they make their buildings energy efficient by forcing them to get an "Energieausweis" certificate.

Failure to do so in a property coming onto the market from now on will result in fines of up to 1,450 euros.

The certificates can be obtained from officially approved suppliers found here http://www.energieausweis.at.

Georg Thor from the Salzburg-based energy advice office said that it will mean in future it is easier to evaluate the real worth of property.

But certificates are not without cost – with firms charging up to 500 euros per certificate.

Gerald Hubner from the Real estate Association said: "A proper certificate will mean a saving in costs and problems at a later date. Property owners need to know what sort of problems there are with their property and potential buyers or renters will want to save money with a proper certificate giving them an indication of the running costs of a location."

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