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Sustainable Properties - stronger interest as eco issues dominate

Home page Bowson Property News Uncategorized Sustainable Properties – stronger interest as eco issues dominate

 

The importance of improved energy efficiency in the private rented and owner occupied sectors has led to a surge in interest in more sustainable properties.That’s the conclusion of an independent survey of 1,348 buyers by FJP Investment.It found that 44 per cent of buyers of all kinds would be willing to pay more for a property with a high energy efficiency rating, with the figure jumping to 59 per cent among those aged 18 to 34.

The research also shows the normalisation of remote work is weighing in on sustainability considerations, with 39 per cent more concerned with the energy efficiency of their property in light of more working-from-home.FJP’s study also reveals that over two-fifths of buyers believe that improving the energy efficiency of their property will future-proof its value. Recent data based on average property prices in England shows that raising a property’s EPC from a G through to a higher A rating could increase the value of a property by as much as 14 per cent.Just under a quarter of buyers responding to the survey say they are prepared to purchase a property with poor energy efficiency and then make improvements themselves, while the majority – some 64 per cent –  believe that the government should do more to increase the affordability of sustainable properties.

Source – https://www.landlordtoday.co.uk/breaking-news/2022/5/sustainable-properties–stronger-interest-as-eco-issues-dominate

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