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    Европейски избори 2019: Манфест на CEPI

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    M A N I F E S T O  F O R  T H E  E U R O P E A N  E L E C T I O N S 2 0 1 9

    M E S S A G E  F R O M  T H E  E U R O P E A N A S S O C I A T I O N  O F  R E A L  E S T A T E  P R O F E S S I O N S


    The Future of Real Estate


    The European real estate market is changing in the face of challenges including energy/climate change, digitalisation, urbanisation and an ageing population.

    A healthy real estate market is important for a healthy EU Internal Market. The real estate sector is a vital sector which is important for jobs, life and growth in the EU.

    There needs to be a coherent European approach to the real estate sector.



    Everybody living and working in the EU benefits from a healthy real estate market, for both sales and rental transactions. The stability of the real estate market is crucial for the economy of the EU and for consumers and real estate professionals alike. It provides for many needs including shelter in the form of housing and investment as an important financial asset for both private individuals and businesses, as well as being a source of income through taxation for national governments. Problems in the affordability of housing in both the sales and rental markets need to be addressed and continued ongoing investment must be facilitated by the availability of finance and coherent rules and frameworks for transactions. Ownership of real estate represents an important asset and investment for private individuals and their capacity for ownership needs to be protected and strengthened.

    Real estate professionals have a central role to play in providing good quality services which are vital for a healthy market. Real estate agents are strong mediators and motivators for consumers in the implementation of EU policies affecting the real estate market such as energy efficiency and sustainability. Property managers have an important role to play in ensuring the health and safety of a building. They need to ensure accessibility and regular maintenance inspections important for the safety of a building’s occupants as well as its investment value. Both real estate agents and property managers need to be able to operate as freely as possible within the EU Single Market and take the opportunities presented to them by increased mobility and integration. Whilst the national housing markets retain their own characteristics there is increasingly a European market in which professionals must be able to compete according to clear and transparent rules.

    Whilst the real estate sector is not a matter of EU competence, the interest of the EU regulator in the sector is now clear, for example in measures relating to the financial sector including legislation on mortgage credit, energy efficiency, state aid and the internal market. Real estate professionals are directly concerned by EU regulation on professional qualifications and services and others such as anti-money laundering legislation. They are also working in businesses increasingly affected by new technology and digitalisation, presenting both new challenges and opportunities.

    The real estate sector continues to present challenges for the EU whilst the EU in turn impacts increasingly on the sector and the working lives of real estate professionals.



    What are the real estate challenges for the EU?


    We see a number of ongoing challenges for the EU:


    • Recognise the long-term economic importance of the real estate sector at both national and EU level.


    • Acknowledge and develop a role for Europe in looking seriously at the real estate sector as an important sector which needs clarity and simplification taking into account the social implications for the EU of a properly functioning real estate market.


    • When considering regulation avoid making decisions and adding rules at all levels that lack coherence and disturb the equilibrium of the market with resulting economic and social consequences.


    Therefore looking forward to the election of a new European Parliament in May 2019 we call for recognition of the above-mentioned challenges as set out in more detail below:


    1. Recognise the long-term importance of the real estate sector at both national and EU level.

    The real estate sector is important for the economy of the EU both as a source of value and jobs. The way in which it is treated at EU level needs to be addressed to reflect this and ensure that it is given full consideration.

    CEPI calls for:

    • More intergovernmental discussion. There should be more intergovernmental discussion on housing including the reinstatement of the informal meetings of housing ministers to promote a better understanding of the real estate sector as a whole, even more so because of the extensive differences which remain between markets at a time when there needs to be more convergence.
    • Monitoring of the real estate market. There is still a lack of accurate information available to fully assess market conditions in different countries. We welcome the work done within the Urban Agenda for the EU and in particular the Housing Partnership and its recommendations on the improvement of EU urban housing market data. We appreciate the housing statistics produced by Eurostat but these need to be strengthened with better and more reliable statistics and more detailed qualitative analysis and studies to promote a better understanding of the housing market and comparisons between national markets.
    • Promote home ownership and affordable housing for the rental sector. The levels of home ownership in some Member States are falling whilst there is also a severe housing crisis in some countries. Housing shortages need to be addressed to ensure an adequate supply in both the sales and rental sector. Procedures including the process of applications for building permits need to be quicker to enable more homes to be built. There needs to be a healthy mix of good quality properties available to own or rent. Account needs to be taken of demographic changes and greater urbanisation both of which are likely to impact on availability and prices.
    • Help for the renovation of the residential housing sector. Increased energy requirements meet climate needs but add to the expense of home ownership and restrict the construction of new homes. Energy efficiency needs to be affordable with support for the residential market. Attention needs to be paid to the specific issues that exist in multi-apartment buildings and solutions found to the problem of split incentives.


    2. Acknowledge the role for Europe in looking seriously at the real estate sector as an important sector which needs clarity and simplification taking into account the social implications for the EU of a properly functioning real estate market.

    Whilst recognising the competence of the Member States in the real estate sector we cannot fail to react to the impact which the EU is now having on the sector and on the working lives of real estate professionals.

    CEPI calls for:


    • A unified approach to the real estate sector. A holistic approach needs to be taken to a complex sector with many different actors.


    • Encouragement of holistic policies for economic growth and financial stability including sustainable financing for housing. It is important that finance remains available without unreasonable restrictions.


    • Account to be taken in the process of economic governance known as the European Semester and the Annual Growth Survey of the impact of European Commission recommendations regarding economic policy on the long-term health of the sales and rental real estate markets and on the activities of real estate professionals.


    • Support for SMEs. Many businesses operating in the real estate sector are SMEs and as such need more support from the EU and a stronger role and voice in the discussions at EU level.


    • Care to be paid to the long-term effects of policy making. The real estate sector by its nature is one which calls for the making of long-term decisions.


    • The establishment at the European Parliament of an intergroup focused on European real estate as a whole to provide a forum for the exchange of views at European level.



    1. When considering regulation avoid making decisions and adding rules at all levels that lack coherence and disturb the equilibrium of the market with resulting economic and social consequences.


    In the event of the introduction of new measures they should be proportionate and attention should be paid to their long-term impact on the stability of the market and consequences for real estate professionals.


    CEPI calls for:


    • Stability and security for the real estate market which needs clear and transparent rules which are secure and can be easily followed strengthening the position of SMEs and promoting greater entrepreneurship.


    • Attention to be paid to their impact on the stability of the market in the introduction of new measures.


    • Recognition of the importance of real estate as an investment. The costs imposed on property are ever increasing and its capacity as an investment needs to be safeguarded for the preservation of healthy sales and rentals markets.


    • Consistency as to technical requirements and better education. Real estate professionals have an important role in achieving energy savings in the residential sector. More and more technical requirements are being imposed on the real estate sector by way of regulation, particularly in the area of energy performance and energy efficiency, as well as issues such as soil pollution, asbestos and safety of electrical installations. Time and support need to be given to the sector to implement these new requirements. The real estate sector needs real estate professionals with the right skills for the modern market. There should be better education and training for the sector which must be supported in the implementation of legislation.


    • Support for free movement in the internal market and provision of services with common rules and the right for Member States to retain stricter regulation on professional services where justified by the needs of the particular market. The real estate professions face many challenges including digitalisation and business models are changing. This calls for a level playing field whilst allowing for the possibility of differences due to the existence of different legal systems and professional traditions in accordance with the principle of subsidiarity.


    It is time to acknowledge the important role which the real estate sector has within, and the impact which it has on, the EU economy as a whole. In the name of real estate professionals in Europe CEPI asks that the real estate sector be given due consideration in the discussions and decisions during the next term of the European Parliament.



    The mission of CEPI, the European Association of Real Estate Professions, is to support the European real estate market and cross-border transactions by enhancing and strengthening the work and activities of real estate professionals. We represent twenty-five national professional associations of estate agents and property managers based in 18 EU and EFTA countries.


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