Real Estate Insider

The CERHA HEMPEL Real Estate Insider provides an insight to the real estate industry in Austria and CEE. Besides reviews on case-law and legal developments, the Real Estate Insider covers all aspects affecting the industry including market trends and insights, project and deal reviews, reviews on political and legislative developments, reports on events etc. As one of the leading real estate practices in Austria and CEE, our team is fluent in advising clients on all aspects of real estate law from cross border portfolio transactions to building organizer projects to rental agreements and constructions matters, you name it.

November 2022

Bulgaria: Higher minimum energy requirements for buildings

Directive 2010/31/EU on the energy performance of buildings (the "Directive") obliges Member States to review the energy performance standards for buildings at intervals of no more than five years and, if necessary, update them to reflect the technical progress made in the building sector. Bulgaria is lagging behind its obligation to meet the energy goals set out in the Directive. To remedy this, a new Ordinance on the technical requirements for the energy performance of buildings (the "Ordinance") entered into force in November 2022, prescribing higher energy standards for buildings.