Berlin property prices
08.12.2022

Poor energy balance leads to reductions in value

Due to the enormous increase in gas and electricity prices, the energy efficiency of a residential building is increasingly reflected in the value development.

According to an analysis by JLL, the price difference between buildings with a poor and good energy balance is between 12% and 33% in the first half of 2022. In individual cases, the price reduction can be almost 50%, based solely on better energy efficiency. This development is particularly pronounced in markets with excess supply. Compared to the previous year, the average price reductions have increased by an average of six percentage points. In the case of net cold rents, the discount is 2.5 percentage points lower than in the case of purchase prices. However, due to the increased energy costs, the average private household has to cope with additional annual costs that are just under one gross monthly rent.
Source: TD