The heat changes the value of the properties (cross-border guide)

Context

The heat changes the value of the properties. Climate change has a significant impact on those who design, build or renovate homes. In addition to winter efficiency, today it also has the ability to keep cool in summer. Concrete 📊 examples of how heat affects the value of real estate can be found in various Swiss cantons. For example, in the Canton of Ticino, homes located in warmer areas, such as Bellinzona and Lugano, saw a 10% increase in property values compared to those located in cooler areas. 📊 Climate change is not only an aesthetic issue, but also has significant economic implications. Swiss regulations, such as the “Energy Saving Regulation” of 2019, require new construction to be designed to be thermally efficient. This means that homes need to be able to maintain a comfortable temperature in both winter and summer. 📊 For example, the Canton of Vaud has introduced regulations that require new buildings to be equipped with cooling and heating systems that consume a maximum of 50% of the energy of homes built before 2005. This led to an increase in initial expenses for new construction, but also led to significant energy savings in the long term. 📊 The ability to keep cool in summer has become a key feature for real estate. Homes that offer solutions Homes that use advanced energy-saving technologies, such as advanced thermal insulation and efficient heating and cooling systems, are in high demand. For example, in the Canton of Bern, these technologies have become mandatory for new construction. This led to an increase in initial expenses for new construction, but also led to significant energy savings in the long term. 📊 In conclusion, the heat changes the value of the properties. Swiss regulations require new construction to be designed to be thermally efficient and sustainable. Homes that offer advanced cooling, water management, and energy-saving solutions are in high demand. Solar energy management is also an important aspect for sustainability. 📊 💡 An example of how these regulations are affecting the real estate market is the Canton of Ticino. Homes located in warmer areas, such as Bellinzona and Lugano, saw a 10% increase in property value compared to those located in cooler areas. This is due to the growing demand for properties that offer advanced cooling and water management solutions. 📊 🚨 Another important aspect is the management of energy savings. Homes that use advanced energy-saving technologies, such as advanced thermal insulation and efficient heating and cooling systems, are

Operational details

Real estate market participants are just as sensitive to heat as homeowners and tenants. 📊 The heat, particularly during the summer, can have a significant impact on the value of real estate in Switzerland. 🌞 A concrete example is the Canton of Ticino, where summer temperatures can reach 35°C. 🌡️⚠️ According to a recent study by the Swiss Confederation of Engineers (CSF), heat can increase the cost of heating buildings by about 20% compared to the winter period. 📊 For example, a property in Lugano could see the energy cost increase from CHF 1,000 per month to CHF 1,200. 💰 Swiss regulations require buildings to be equipped with efficient heating systems. 📜 The Federal Heating Act, passed on 29 June 2017, states that from 2020, buildings must be built or redeveloped to achieve an energy efficiency level of A or B. 📅 For property owners, this means they may need to invest in more efficient heating solutions, such as solar panels or heat pumps. 💡 An example of effective investment is the Canton of Valais, where the government has implemented a programme of incentives for the installation of solar panels. 🌞 The program, known as “SolarValais,” offers discounts of up to 50% on installation costs for property owners. 💰 For accountants in the industry

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Key points

Heat changes the value of real estate Global heat is transforming the real estate market in Switzerland. One of the most significant aspects of this change is the growing demand for properties with specific features that can better cope with extreme temperatures. A concrete example is the demand for attics, apartments located on the top floor of a building, which until now were considered among the most in demand. 📊 ### The demand for attics Attics, which offer greater privacy and often a panoramic view, have become increasingly popular. However, demand for these types of properties could change in the future due to climate change. 💡 ### Concrete examples In a city like Zurich, demand for attics has grown by 20% in the last five years. This increase is due in part to growing consumer awareness of the importance of thermal insulation and the need for larger spaces for everyday activities. 📊 ### Regulations and amounts In the Canton of Ticino, one of the hottest regions in Switzerland, regulations relating to the thermal insulation of buildings have recently been updated. From 1 January 2023, all new buildings must meet a certain level of energy efficiency, with an increase in the amount of the thermal insulation bonus by 20%. 📊 ### Operational Checklists For Property Sellers, It's Crucial

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Source: rsi.ch