The government U-turn on EPC ratings hasn’t seemed to have dampened demand for more eco-friendly properties, so why does energy efficiency continue growing in importance for property owners and renters alike?
Of course, climate change is arguably the most significant issue of our time. Concern about our personal carbon footprints has led to increasing eco-consciousness, a trend that was sure to reach the property industry. Studies have shown that tenants are willing to shell out more in rent for an eco-friendly property, proving the growing demand for greener homes.
However, it could be said that the most pressing factor for property buyers today when it comes to energy efficiency is the energy crisis. The cost of energy has soared in the UK in recent years, making household bills a top priority for many.
The current cost of living crisis is further pushing the public to save money where possible, making energy efficiency in the home an attractive prospect.
Generally, the more energy efficient a home is, the lower the energy bill will be, thanks to reduced waste, more efficient usage, and alternative renewable energy sources. For this reason, more buyers are on the lookout for eco-investment opportunities.
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