The impact of the renovation obligation on real estate deals

On 1 January 2022, the first set of renovation obligations entered into force for non-residential buildings in Flanders. One year later, on 1 January 2023, similar obligations entered into force for residential buildings. Energy efficiency labels, minimum share of renewable energy, improved roof insulation and ban on single glazing are only a few of the obligations that could be imposed on your next purchase.

In this newsletter our real estate experts decrypt the obligations, per building type and per timeframe.