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ARTICLE · 14 MAY 2024

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Real Estate Update

This is our Real Estate Update: a round-up of recent Irish and international legal and regulatory updates, developments and news.

IrelandReal Estate and Construction

Decarbonisation of Buildings

Energy Performance of Buildings Directive Adopted by EU Council

The Recast Energy Performance of Buildings Directive has been adopted by the Council and will be published in the Official Journal of the European Union shortly. It will enter into force 20 days later. Member states will have two years to incorporate the provisions of the Directive into their national legislation, subject to some exceptions.

The Directive is the culmination of years of work by the EU to provide a legal framework for the reduction of greenhouse gas emissions from buildings and improving their energy performance to achieve a zero-emission building stock by 2050. The Directive will have significant implications for developers, investors, landlords and tenants, who now have a clearer line of sight of the obligations to be transposed into Irish law, and who will need to factor these obligations into investment strategies and leases.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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