In force since 23 March 2013, the Law on Efficient Use of Energy (Zakon o efikasnom korišćenju energije, “Sl. glasnik RS”, no. 25/2013) (“Law“), imposes new requirements on real estate developers and owners which will increase the costs of construction and transactions with real property.
·Energy inspection report
Starting from 1 January 2014, owners of buildings (including parts thereof, such as apartments, commercial outlets etc.) will have to procure an energy inspection report, issued by a licensed energy advisor and not older than 10 years, when changing the purpose of the building, as well as when selling or leasing the property. Any advertisement in public media on the sale or lease of real property will have to disclose data on energy efficiency. Read more
