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78% of UK home owners want environmentally sound buildings

An overwhelming majority of British homeowners now want to live in environmentally sound buildings and consider this a major factor when choosing a new home. According to a new survey, around 78% of people think this a factor than ranks alongside location, local services and outside space as a major consideration in making a big decision.

The numbers were even higher in London where around 81% of people think the long term environmental impact and sustainability of their property is of paramount importance. In Sheffield, the numbers were lower but still around 68% of people still thought it was important.

The survey, carried out by insurers BLP, asked about sustainable features such as hot water, heating, double glazing and solar potential and found that environmentally friendly fittings were a top priority when choosing a new home, especially in older properties.

In the UK, the new Minimum Energy Efficiency Standards (MEES) introduced in the last year and coming into force in April 2019 perhaps have made buyers more aware about the importance of such factors when buying a home. The fact that homeowners and landlords could face financial penalties if their properties do not meet Energy Performance Certificate ratings of at least an E has had an impact.

Kim Vernau, chief executive officer of BLP Insurance, said: ‘As people become increasingly concerned about environmental issues, demand for environmentally sustainable features for new homes will continue to grow. Initiatives such as the Energy Efficient Mortgages Action Plan (EeMAP) will help finance an increase in sustainable homes by incentivising building owners to improve the energy efficiency of their properties or acquire already efficient buildings.’

Adding: ‘It’s not just buyers but prospective tenants that are more alert to sustainability. With more detailed and transparent data now available to consumers at all levels, and new energy standards being implemented, landlords and developers will need to adapt, taking steps to improve the efficiency of properties in the market.’

If you would like to know more about environmentally friendly and sustainable property in Norwich, then get in touch with our team at Agile. And there are currently a number of specially designed eco-friendly properties in the market in the area. The fact that properties are being marketed as such shows how far we have come in a short space of time, and highlights the increasing importance of sustainability in the minds of home buyers.

To find out more about the local and national property market, or if you would like to chat about anything to do with property investment, give us a ring on Norwich 01603 567804 or send us a message.

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