7 Years Until Expropriation: EU Draft Law Threatens Property Owners! | a.i. Financial
The EU is currently working on a draft law that would practically expropriate older residential buildings. If they do not meet the new European energy efficiency standards then these buildings will lose the permit to be occupied in 2030. That is in less than 7 years.
If you own a property in Europe, you better start looking into this. Energetic renovations can cost hundreds of thousands of dollars depending on its size and age. In many cases that is just not feasible.
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