Real estate industry warns shortening in the climate and transformation fund

Real estate industry warns shortening in the climate and transformation fund

The decline in funds for the climate and transformation fund: challenges for the real estate industry

On August 19, 2024, worrying plans for reducing the funds for the climate and transformation fund (KTF) were known in Berlin, which are very amazed in the real estate industry. The President of the Central Real Estate Committee (ZIA), Iris Schöberl, made it clear: "It may not be that the" traffic lights' at a time when editions are tightened. " This statement illustrates the amazement and concern within the industry about the cuts planned during budget consultations.

The KTF, which is indispensable for the energy renovation, will only be equipped with 14.35 billion euros in the coming year. This corresponds to a decline of almost 2.4 billion euros compared to 2024. This reduction comes at a time when implementation of the European building efficiency directive (EPBD) is due, which demands significant requirements for the industry.

The importance of stable financial support from the state is enormous in view of the increased regulations for the real estate industry. In a decade, in which climate protection and sustainable development are increasingly coming to the fore, strong support from the real estate industry is essential. The cuts in the household could not only affect the efficiency of buildings, but also endanger investments in necessary renovation projects.

the ZIA is an important player with an advocacy group of around 37,000 companies. Its members not only include real estate developers, but also a large part of the entire value chain in the construction and real estate industry. The demands of the ZIA after adjustments to the middle equipment show the urgency and the need for support in the current situation.

In the coming weeks, it will be crucial how the political discussion about the KTF is developing and whether the call in the industry is heard after checking the middle class. A decline in state funding could not only endanger the sustainability goals of politics, but also put a strain on the economic stability of the companies concerned. It remains to be seen which steps are taken to effectively tackle the challenges and support the real estate industry.

Finally, it can be said that the real estate industry, which already suffers from the challenges of change, is dependent on the support of the state in order to meet the increasing requirements for energy efficiency and sustainability. The current developments must therefore be observed closely so as not to endanger the future of the industry.