INDUSTRIA says energy efficiency drives residential property values, warns of stranded-asset risk
XLRE•Stranded-asset risk and retrofit strategy
The report warns inefficient buildings face “stranded asset” risk as energy costs rise, lenders tighten terms, and ESG rules increase retrofit pressure.
The strategy response centers on buying efficient new-builds, acquiring retrofit candidates, and executing upgrades within set timelines to protect value.
Lower rents and prices for less efficient properties
According to the study, average residential cold rent falls by EUR 0.22 per square meter per efficiency class. Condo and single-family prices drop EUR 107 per square meter.
Multi-family purchase prices decline EUR 118 per square meter per efficiency class, reinforcing a structural valuation discount for inefficient stock.
Energy efficiency seen as a key driver of residential returns
INDUSTRIA Immobilien analysis flags energy efficiency as a key driver of residential returns, shaping cash-flow stability, exitability, and regulatory resilience.
A Wüest Partner study of 1.38 million German listings from Q3 2023 to Q2 2025 links each worse efficiency class to lower rents and prices.
Data show premium for efficient homes and discounts for weak stock
ImmoScout24 data from Q1 2021 to Q4 2025 shows class A prices up 13%, class B up 4%, while classes F–H are down .
