New EU building energy rules bring challenges for Greece
The 27th Prodexpo conference in Athens examined the impact of updated EU energy performance standards on Greek real estate.
- The EU's revised Energy Performance of Buildings Directive sets strict new standards.
- Greece faces challenges due to an older building stock lacking modern insulation.
- Financing renovations and maintaining property values remain key priorities.
For investors in Greek real estate: The updated framework impacts renovation costs, property valuations, and compliance for future construction.
New European Union energy performance requirements are impacting property assessments, construction standards, and building renovations across Greece. The revised Energy Performance of Buildings Directive (EPBD) was a central topic at the 27th Prodexpo real estate conference held in Athens.
The updated regulatory framework focuses on the gradual upgrade of existing structures, stricter rules for new construction, and climate change adaptation. Because a significant portion of Greece's building stock was constructed before modern insulation standards, implementing the new requirements presents distinct challenges.
Discussions highlighted that public buildings must meet zero-emission standards starting in 2028, with the requirement expanding to all new buildings by 2030. Securing financing through European funds and energy upgrade programs remains essential to balance environmental requirements with affordable renovation costs in the Greek property market.
Yavanet will keep updating from official sources.
