Today buildings are responsible for 40% of CO2 emissions and consume between 30% and 40% of the world’s energy, it is clear then that the real estate market has to point to a very different horizon. By the end of 2020 all public and residential buildings must comply with the guidelines for energy efficiency imposed by the European Union, which states that they must have almost zero energy consumption
In the Villas Dolce Vita development we are going to meet this objective of environmental sustainability in advance, achieving a class B energy certification, thanks to the following interventions:
- the architectural design specifically conceived for the location and the climatic conditions of Costa Teguise, Lanzarote.
- realization of high energy efficiency thermal envelopes (XLAM wood panels, and internal walls of rock wool and plasterboard
- installation of PVC joinery with double thermal bridge
- installation of Planistar type window glasses of high thermal insulation and protection against UV rays
- installation of thermal solar panels for the production of hot water.
It is also important to know that there are banks who specialize in linking the interest rate of mortgages to the energy rating of the property, so that more sustainable houses (rated A or B) obtain a better interest rate. This has a direct and positive impact both on the monthly mortgage fee, and saving money on the energy bill. At mortgage level it implies a reduction in the interest rate of around 0.15% – 0.20% which represents a saving between 7% and 15% of the cost of the loan. At present time the Spanish banks that apply this policy are: Tríodos Bank, UCI (Unión Credito Hipotecario), Bankia and Crédito Rural de Navarra.
In the medium and long term this is a trend that will inevitably involve all other banks since the institution of Green Mortgages will be a dominant issue in the mortgage landscape of the coming years.