Edition 2020 Ninth edition

FRANCE
• Residential
1. Information:
•
The energy performance certificate (EPC) is to be rendered reliable and enforce-
able
*
by 01.01.2021;
* Necessary for 2 below
•
EPCs and leases will have to state the building's real energy consumption, primary 
and final, and contain a theoretical estimate of the building's complete energy 
costs by 01.01.2022;
•
All advertising will have to display the energy cost estimate by 01.01.2022.

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100
Annex - Examples of automatic renovation obligations
European Valuation Standards 2020
2. 
For the worst performing buildings (EPC 'F' and 'G', 25% of the entire housing stock):
•
Obligatory energy audit as of 2022;
•
In areas subjected to rent controls, upward revision of rent levels is conditional on 
energy renovation as of 01.01.2021;
•
Legal obligation to energy-renovate by 2028;
•
Sanctions for non-compliance with the renovation obligation as of 2028. The 
sanctions will be made known by 2023.
3. 
As of 01.01.2023, energy performance will become a criterion for judging housing 
decency. Housing with consumption in excess of a certain threshold set by decree 
will no longer be rentable.
• Non-residential
Binding regulation to reduce energy consumption by 40% in 2030, 50% in 2040 and 60% 
in 2050 compared to 2010.
Applies as of a threshold of 1000 m² which can be reached either per unit or cumulative-
ly (in a mainly commercial building or on a site with several buildings). All categories of 
activity are covered, public and private, with very few exceptions (temporary buildings, 
churches, defence, civil security and national security).
NETHERLANDS
• Non-residential
It will no longer be possible to rent out offices with less than a 'C'-rated EPC as of 2023, 
'A'-rated as of 2030.

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European Valuation Standards 2020
Annex - Examples of automatic renovation obligations
101
SPAIN
• Residential
Extension of the EPC obligation to all buildings even if they are not put up for sale or rent.
• Residential and non-residential
Plan to turn EPCs into regulatory tools by raising their currently low technical quality, 
improving their legibility and visibility, revising the rating scales, indicating energy effi-
ciency renovation pay-back terms and optimal staging of renovations.
Currently under study: setting of minimum standards of energy efficiency (possible 
further link to housing decency), possibly based on the EPC and serving either as the 
threshold for sale or rental of the property or for preferential tax treatment.

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European Valuation Standards 2020
I.B. - EVGN 1: Portfolio Valuation
103