“Real estate expropriation”: even the Germans begin to tremble for

Today the German newspaper "Die Welt", an expression of the middle class, woke up with this headline: "Obligations equal to expropriation" this is what the new EU obligations mean for homeowners

The fact of wanting to oblige owners to renovate their properties from an energy point of view, bringing them, within a few years (max 2030) to class A and B, with properties that are, currently, mainly in the GDE and C classes, it is a huge legal force, an economic disaster and a mission impossible.

It is one thing to apply stricter building regulations on new buildings, one thing is to transform existing properties, perhaps in rural areas, and with structures that are 100 years old or more, if not a few centuries old, especially in Italy. We have entire suburbs built in the 1950s to 1980s that should be razed and rebuilt. Who pays for the renovation? Above all, is it possible to renovate 150-170 million property units in Europe in such a short time?

The funny thing is that it seems the greens are not satisfied yet. They do not want the right to renovate, without which it would not be possible to sell or rent the properties anyway, but they want the obligation to carry out the renovations themselves. What if one doesn't have the money? He simply loses the property. All this is consistent with what is happening in Germany, where the collectivization of real estate is a reality, even if, for now, it only affects the large real estate companies.

If you read the pro-European sites that praise the magnificence of this conversion, they never talk about the costs for individual property owners. At most they claim that the transformation of districts into areas with ecological housing are successful experiments, without considering that these solutions are limited to experiments in Nordic countries with high real estate costs. Does an apartment on the outskirts of an average Italian city, perhaps with a price of just over 1000 euros per square meter, make sense to be renovated?

The result of all these absurd requests, on the skin of individual small property owners, is obvious:

• a large portion of the Italian real estate assets will be forcibly expropriated and transferred to banks or institutions that have the funds to make these investments;
• given that the property will be much more expensive, rents will obviously also increase;
• the real estate offer will drop vertically, so we will have less chance, with a possible housing tension in certain areas;
• entire villages will be abandoned, because it will not be convenient to renovate them. Who will renovate, for example, a house in the hills of Alessandria, or in the Umbrian ones? The demographic structure will change dramatically. Nothing like this has happened since the end of the Roman Empire.

Italians are just spectators in a game that will destroy the well-being of millions of Italian families. It would be necessary not to shorten, but to extend the 110% bonus for years to be able to modify, at least partially, this situation and it is not certain that there is the production capacity to be able to cope with it. An element that is perfectly secondary for the Commission and, ultimately, also for its executors in Italy. Will it also be the same for the Italians?

---

---

The article "Real estate expropriation": even the Germans are starting to tremble for them comes from ScenariEconomici.it .

---

This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/esproprio-immobiliare-anche-i-tedeschi-iniziano-a-tremare-per-le/ on Tue, 14 Dec 2021 12:05:23 +0000.