This is a brief summary of a report by an EU funded body into the issues surrounding the valuation of energy efficient sustainable buildings.
As an RICS registered valuer associated with Survey Spain I have a professional interest in this material.
The report says that valuation professionals across Europe need to be trained so they recognise the effect energy efficiency and sustainability has on values. Although valuers reflect the market rather than make the market, in practice they are involved at every stage of a buildings life cycle, and their opinion is used in negotiations between buyers and seller landlords and tenants. Valuations professional are “information managers” in an intransparent market. Continue reading
Experience at the Notary is showing that they are accepting documents without an Energy Certificate. HOWEVER, they are warning buyers that they will not be Registered as the property owner until the Energy Certificate is provided. As I wrote on the 31st:
‘(Without being in a Registry, it is only a private contract between the registered owner and the 1st buyer and, though committing fraud, the registered owner could sell the property again to a 2nd buyer and if that 2nd buyer registers the property before the first one, the 2nd buyer is the legal owner and the 1st buyer only has the right to sue the initial seller, who has gained two sale prices and may well have disappeared! There are variations to that of course depending upon occupation, etc, but very simply that’s the situation).’ Continue reading
They may be a couple of days late, but the Junta now has a website where the applications can be submitted:
There is a form there that has to be signed by the property owner authorising the Junta to do what it has to do. Continue reading
On 14 April 2013 the Spanish Royal Decree 235/2013 came into force. It approves the basic procedure for the Certification of Energy Efficiency in Buildings.
As from 1 June 2013 there is an obligation for the vendor to make available to purchasers or tenants of buildings a CERTIFICATE OF ENERGY EFFICIENCY (EPC in UK), which must include objective information regarding the energy efficiency of their building or part of it. The Energy Efficiency Rating Symbol must be displayed when the property is being marketed so it is essential to obtain it now. Continue reading
Read the title well, because it’s going to become very familiar over the next few months. On Friday, 5 April, the Royal decree was signed giving authority to the requirement for all property in Spain to have an energy efficiency rating certificate that will last for 10 years assuming no changes are made to the building. For the details, we now wait for the final text to be published in the BOE (Official State Bulletin). As the certification is to be regulated by each Comunidad throughout Spain, there are bound to be some variations. Continue reading