European countries face aging housing stock issues; Lithuania shows progress in building renovations.
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In Spain, over 81 percent of buildings have the worst energy rating, while in France, nearly a third of homes were built before 1949, and in Austria, over 850,000 homes are of similar age. Although Lithuania is actively modernizing housing, last year, 35,000 homes were awaiting renovation. In Lithuania, Birštonas, Palanga, and Druskininkai are leading municipalities in housing modernization, with APVA reporting an increase in renovated buildings and a focus on achieving B energy efficiency class. Despite recent improvements, only about 12 percent of all multi-family houses in Lithuania have been renovated over the last two decades. Romania has one of the oldest housing stocks in the EU, with concerns raised about both energy efficiency and safety due to its seismic activity. EU member states are addressing the issue of aging housing, particularly regarding energy efficiency, as old buildings contribute significantly to CO2 emissions. Lithuania currently has an ongoing multi-family house modernization project, supported by a €165 million allocation from the European Investment Bank.
