MONEY ISSUE 70

Page 54

R E A L E S TAT E

THE ECO-FRIENDLY HOUSE HUNT

Such flag-ship developments are set to have a positive knock-on effect in the broader property sector, as more developers seek to create cleaner and greener developments, including more eco-conscious residential properties.

With the cost of living rising and electricity bills booming, the issue of energy efficiency is becoming increasingly important for local homebuyers. Professional real estate agent Brian Magri discusses eco-conscious home design and the essential factors to consider when looking for a sustainable place to live in Malta.

Currently, it may seem almost impossible for homebuyers to navigate the local property market in search of an eco-friendly home. However, various measures and indicators are in place to help homebuyers locate their ideal sustainable home. Therefore, it’s precious for homebuyers to reach out to a qualified and experienced real estate agent. Agents with proven track records know the local property market inside and out and can guide homebuyers on sustainable measures to look out for in a home.

The demand for sustainable property development is on the rise in Malta. One only needs to look towards several major new developments to recognise that Malta is making significant strides to introduce

First, for a property to be sold in Malta, it must hold a valid Energy

eco-conscious design and construction within the local market. To

Performance Certificate, also known as an EPC rating. The EPC rates a

name but one example, the developers behind the upcoming The Quad

property’s energy efficiency on a scale from A to G. This scale is similar

Central within the Central Business District area seek to achieve a

to how modern appliances are rated, with an A rating being the most

LEED platinum certification, which is widely regarded as the highest

energy-efficient and G the worst. An EPC is there to give would-be home

certification for sustainable building design globally.

buyers or renters an indication of how much their energy bills will cost in

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ISSUE 70

MONEY


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