Energy efficiency in UK property: where to go from here? 🚦
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Energy efficiency in UK property: Where to go from here?...
Starting with a review of the influence of Energy Performance Certificates (EPCs) on the decisions of homebuyers, property investors, and tenants, this latest report from Propertymark reveals that while there is some consumer interest in EPCs, the level of importance varies across different sectors.
Comparing current sentiment to previous evidence (2018), property agents explored attitudes toward energy efficiency and retrofit in property across the UK looking at strategies to encourage investment.
According to the UK Government’s Heat in Buildings Strategy, 30 per cent of UK emissions in 2019 came from buildings, with 17 per cent coming from homes, indicating that buildings play a huge role in decarbonisation.
Energy Performance Certificates (EPCs)
In England and Wales, EPCs were introduced in 2007 through The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations.
But to what extent do these documents influence the decisions of homebuyers, property investors, and tenants?
To begin, Propertymark asked residential sales agents how often their homebuyers show an interest in the EPC or EPC rating of a property. The vast majority (73 per cent) reported buyers sometimes show an interest, but 15 per cent reported that homebuyers never show an interest in their experience.
This is an improvement on the 2018 survey, in which 35 per cent of sales agents reported that homebuyers never show an interest in the EPC.
📩 For all findings, download full report from Propertymark here 📩
If you have any questions regarding Energy Performance, and how it could affect your rental or sale property... Please email our Operations Director Sam Barker sam.barker@cavendishproperty.co.uk (pictured below).
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