SeLoger takes stock of the sharp increase in listings for homes labeled “E”, “F” and “G”. The risk, in the long term, being to create strong tensions on the rental market.
While the Climate and Resilience law prohibits the rental of “G” housing from 2025, “F” from 2028 and “E” from 2034, SeLoger warns of a growing phenomenon: the sharp increase in rentals. sale of homes labeled “E”, “F” and “G”. The risk, in the long term, being to create strong tensions on the rental market.
»Our SeLoger study reports a boom in the sales of energy strainers over 1 year in many cities in France, notably in Rennes with + 74% or even in Paris with + 72%. However, according to the Observatoire du Moral Immobilier published by SeLoger, nearly 8 out of 10 future buyers are interested in the DPE before visiting a home and often use it as a tool to calibrate their negotiation approach. This influx of goods labeled “E”, “F” and “G” will thus have an impact on the price by sanctioning the least rated housing “, analyzes Séverine Amate, spokesperson at Housing.
At least 50,000 € of work to go from L to R
4.8 million dwellings would be very energy intensive (labels F and G of the DPE) according to the government and they will soon be banned for renting if they are not renovated. Recall that according to the Climate and Resilience law, promulgated in the Official Journal on August 24, 2021, owners of housing labeled “E”, “F” and “G”, will no longer be able to rent them from 2025 (for G), 2028 (for F) and 2034 (for E).
“To upgrade a G-class housing to D, in order to be able to rent it out after 2034, you have to at least change the heating system, have exterior insulation done, change the joinery…, Denis Morra list, president of AC Environnement, a real estate diagnostic company that links France with its 50 agencies. According to my calculations, an owner will find it difficult to convert his home to D, without investing at least € 50,000 in work ”.
For Olivier Colcombet, president of the Optimhome real estate network, the bill could even be a little more expensive. “When we start renovating a home, in general, we do not limit ourselves to energy issues and we also embark on work aimed at improving the quality of the bathroom, the electrical network, the plumbing … ”
Finally, owners of housing located in a building will have to have heavy work – such as thermal insulation from the outside – accepted at a general meeting of co-owners …
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Renovation, a path strewn with pitfalls
The network boss sees two trends emerging: “on the one hand, owners who put their homes up for sale, for fear of not succeeding in financing the work. On the other, those who see it as an opportunity to improve their property ”. But despite all the goodwill, the road to renovation will be strewn with pitfalls. “There may be a bottleneck. Everyone will have the same date in mind, while the workforce is limited, ”he warns. Faced with strong demand, the price charged by companies could even increase.
Another difficulty pointed out: access to credit to finance the work. According to a study by Notaries of France, employees, workers and retirees represent 47% of owners of goods labeled F or G and 44% of goods labeled E. Households, whose files are not always considered among the most attractive by banks… “The over 65s receive very little support from the banks. The State could then become the guarantor for these households who wish to bring their housing up to standard ”, proposes Olivier Colcombet.
Good to know: In more than half of the 40 cities whose DPEs we studied, the number of energy strainers placed on the market is increasing strongly.
Acceleration of sales of energy strainers
According to SeLoger’s data, it appears that landlord landlords aren’t waiting for the cleaver to fall. Out of 40 cities studied, the number of energy strainers put on the market is increasing strongly in 23 of them. With most of the time, double-digit evolutions. Rennes tops the list of the strongest evolutions. Between September 2020 and October 2021, the number of energy strainers jumped by 74% compared to the period between September 2019 and October 2020. Just behind, Paris is behind the Breton city with a 72% increase in goods offered for sale over the same period, closely followed by Nantes (+ 70%).
This phenomenon affects all territories and all types of cities. In the North, the Lille market sees energy strainers jump by 41% on the acquisition market. In the East, housing labeled E, F and G has increased by 10% in Strasbourg. In Lyon, they increased by 43% and in Bordeaux, the number of these homes offered for sale increased by 27%, as in Aix-en-Provence. Alongside these metropolises, so-called “postponement” cities are experiencing the same phenomenon. This is the case of Boulogne-Billancourt (+ 38%), Villeurbanne (+ 32%) or even Argenteuil (+ 56%).
More worrying: in nearly a third of the cities examined, this phenomenon is accelerating. In Rennes, for example, the number of energy strainers put on sale increased by 75% in six months, between April 2021 and October 2021 compared to April 2020 and October 2020. Angers is also seeing this trend increase (+ 56% in six months compared to 52% over one year). In Annecy, the number of properties poorly rated by the DPE is up 50% over the last six months against 36% if we study the data over one year. The deadlines of the Climate and Resilience law “risk causing tension on the rental market,” Olivier Colcombet concludes. The direction taken by the government is the right one. The intention is superb, but its implementation remains complicated ”.
Evolution of thermal strainers for sale
City Evolution over 1 year
Aix-en-Provence + 27%
Amiens -9 %
Angers +52 %
Annecy + 36%
Argenteuil +56 %
Besançon -11%
Bordeaux +27 %
Boulogne-Billancourt + 38%
Brest -11 %
Caen +20 %
Clermont-Ferrand + 22%
Dijon +22 %
Grenoble +8 %
Le Havre + 66%
Le Mans -12%
Small +41%
Limoges +8 %
Lyon +43 %
Marseille +12 %
Metz +5 %
Montpellier +23 %
Montreuil +34 %
Mulhouse +0 %
Nancy – 6 %
Nantes +70 %
Nice +14 %
Nîmes -39 %
Orléans +13 %
Paris +72 %
Perpignan +18 %
Reims +11 %
Rennes +74 %
Rouen +27 %
Saint-Denis + 19%
Saint-Etienne -3%
Strasbourg +10 %
Toulon -7 %
Toulouse +43 %
Tours +15 %
Villeurbanne +32 %
-Periods studied: September 2019 / October 2020 vs September 2020 / October 2021
