Eco features massively increase property values - claim

Posted on Friday, September 16, 2022

A finance company claims that just having solar panels can boost a property value by 25 per cent over similar nearby homes without the features. 

Admiral Money adds that insulation and heat pumps are adding 22 and 10 per cent on average, respectively.

A survey of 2,000 people conducted by the firm says 76 per cent are influenced by energy-saving features when purchasing a property, with people saying they’d pay 24 per cent more for homes with an EPC rating of C or higher.

Some 67 per cent now say would want to see the EPC rating prior to purchasing a property and 35 per cent say they would be deterred from purchasing an older property due to concerns around energy efficiency.  

The research on property values was conducted using real property listings data.

The chief executive of Admiral Money in the UK, Scott Cargill, says: “Forget curb appeal – for those of us who are homeowners or buyers, it’s all about the green appeal.

“It’s encouraging to see that more and more of us are becoming eco-conscious when buying our homes – not least driven by environmental and energy-saving pressures. This demand is clearly having an impact on property values.”

Via @LandlordToday