Housing Valuation System changes

The Housing Valuation System was changed on 1 July 2011. Under this change, the Housing Valuation System now appraises the energy performance of the home (on the basis of the energy label) to promote investments in energy-saving measures. The Housing Valuation System sets the maximum rent on the basis of the characteristics of the home. By including the energy label in the Housing Valuation System the maximum rent of the home is linked to its energy label. The change to the Housing Valuation System came into effect on 1 July 2011 for homes with an energy label and for homes that must have an energy label under the regulations. A transitional period up to 1 January 2014 applied for homes which do not yet have an energy label; from 1 January 2014 the Housing Valuation System with an energy label applies to all rental homes. As of 1 October 2015 the Housing Valuation System was amended (the WOZ (Valuation of Immovable Property Act) value was preferred as a basis for the rental sum), marking the end of the planned evaluation, immediately after the conclusion of the transition period.