30% of Europe’s commercial and public buildings are not fit-for-purposeby 2033
All buildings in bottom two EPC levels to be upgraded in UK and all EU countries by 2030 (Level G, 15% of building stock) and 2033 (Level F, another 15%).
‘Game Changing’ pace of Building Renovation
Reaching targets across Europe requires the pace of renovation to nearly triple from 1.1% to 2.9% pa implying an 8% to 12% renovation CAGR over next decade. Estimates put net zero compliance by 2030 at €7 trillion market.
Unparalleled EU and Private Stimulus
Unprecedented wave of real estate energy policy and efficiency targets to come in force over the next decade – >€11 bn pa of fiscal support for buildings energy efficiency in loans, grants and incentive schemes across Europe (GS).
Investors slow to respond to wave of building renovation required
Banks and Asset Managers are slow to respond to financing solutions required to stimulate pending renovation.