On the same day as housebuilder
Taylor Wimpey
announced a loss of £1.54bn for the first six months of the year, a new
survey from the Energy Saving
Trust has suggested energy efficient homes could help to breathe new life
into a flagging property market.
Half of the 2,090 UK homeowners surveyed for the research said they believed
homes with greener features would be easier to sell in the market while 53 per
cent of all householders said they would be willing to pay an average £3,350
more for an energy efficient home.
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Philip Sellwood, chief executive of the Energy Saving Trust, said the credit
crunch has led homeowners to be more aware of environmental factors.
"It is really encouraging to see the extent to which green measures have
become an integral factor when buying and selling houses," he said. "In the
current economic climate, it makes sense to ensure that the running costs of the
home you are living in or buying are as low as possible as well as helping to
cut down on your carbon dioxide emissions."
The research also found that under selling a home's green credentials could
have a serious effect on its price.
Over three quarters of those surveyed agreed that having a "poor" energy
rating on their Energy Performance Certificate (EPC) could lead to buyers
haggling down the price of their home, while two thirds agreed that in light of
the current economic climate home-buyers are more likely to consider a home's
EPC rating to ensure a home has lower-running costs.
Energy Performance Certificates are part of the government's recently
introduced Home Information Packs (HIPs) and tell buyers how energy efficient a
home is on a scale of A to G.
But despite HIPs being compulsory in England and Wales more than half of
those surveyed by the Energy Saving Trust felt estate agents do not know enough
about energy efficiency performance.
Peter Bolton King, chief executive of the National Association of Estate
Agents, said that despite the implied criticism, the industry was committed to
promoting greener homes. "While there is always room for improvement, our
members do take the EPC very seriously," he said. "[They] will flag it up to
both vendors and purchasers, including it as part of the property particulars,
while many of them go further and include it on their web sites [as well]."
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