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200,000 Property Sale Ads Vanish After New Law Takes Effect

forsaleMore than a third of advertised properties for sale were removed by sellers just hours after a new law effecting sale of property came into effect on 1 January in Croatia..

New EU regulations mean that no property in Croatia can now be advertised for sale without the place having an energy certificate, prompting more than 200,000 sellers to remove their adverts from popular property sale sites, reports daily Jutarnji list. If anyone is caught selling a property without energy certification, which shows the energy performance of the building, then they are liable for a fine up to 30,000 kuna (4,000 EUR).

The energy certificate is a tool used to promote energy efficiency and low energy construction, and aims to encourage investments in new and innovative concepts and technologies, the use of alternative energy supply systems in buildings, and contributes to the overall reduction of energy consumption and environmental protection.

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