Industry body Propertymark has highlighted the need for greater clarity and financial incentives to bolster energy efficiency across residential and commercial properties.
The report emerges as a reaction to shifting goalposts and ongoing consultations about properties meeting minimum EPC C ratings.
Back in October 2021, the UK Government unveiled its Heat and Buildings Strategy, laying out plans to achieve net-zero carbon emissions by 2050. This was to be accomplished by decarbonising homes, commercial spaces, industrial areas, and public sector buildings.
However, the report from Propertymark suggests varying interest in Energy Performance Certificates (EPCs) across different sectors. While 73% of homebuyers demonstrate some interest, their purchasing decisions remain mostly unaffected by EPCs.
The commercial market, conversely, sees a mere 41% interest among investors in EPCs, with 59% of tenants also showing disinterest. Yet, as businesses come under increasing pressure to flaunt green credentials, the commercial sector’s focus on energy efficiency might surge.
Timothy Douglas, Propertymark’s head of policy and campaigns, said: “If the aim is genuinely moving towards net-zero by reducing energy consumption in homes and structures, landlords and homeowners require more significant financial incentives and support.
“Clarity on targets, enhancing EPCs, and broad-based grants, particularly in an era of escalating mortgages and living costs, are pivotal.”
