Bank turns up the heat on rental sector energy efficiency
Summary
A Barclays survey suggests energy efficiency is becoming a higher priority for both renters and landlords, driven in part by rising utility costs. The findings also indicate that many landlords expect difficulty meeting proposed Minimum Energy Efficiency Standard changes, with respondents estimating average compliance costs of around £9,000 per property.
Why it matters
Energy efficiency and EPC performance are increasingly central to residential property management, valuation and lettings decisions. Surveyors may see greater demand for advice on retrofit feasibility, cost implications and compliance risk as landlords prepare for tighter standards.
Key points
- 56% of UK adults say energy-efficient upgrades are becoming essential because of high utility costs.
- 63% of renters say energy efficiency upgrades are becoming essential, but many cannot make major improvements themselves.
- 51% of Barclays landlord customers said they have improved properties in the past three years to boost EPC ratings.
- 38% expect difficulty complying with proposed Minimum Energy Efficiency Standard changes.
- Respondents estimated a typical compliance cost of around £9,000 per property.
Organisations:
Barclays Bank
Regulations:
Minimum Energy Efficiency Standard, EPC
Locations:
UK
Read the original article
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
