Energy saving in the balance
- The cost of living crisis threatens progress towards the UK's Net-Zero ambition, as 45% of homeowners prioritise everyday bills over upgrading their homes (34%), according to recent findings from the RICS and You Gov.
- Over half (51%) of homeowners who hadn't already installed new energy saving measures (but knew how to), cite costs as the reason why not.
- This finding backs up calls from the RICS for more regulation to incentivise homeowners and landlords to retrofit a target 15 million homes. One policy mechanism could be via stamp duty.
- A survey of 16,000 home movers by Property Academy in 2021 (before the cost of living crisis), found that 60% of those who would consider buying a new home, were motivated by energy efficiency. Source: Dataloft, RICS, YouGov, Property Academy
Energy saving in the balance
Tags: energy saving
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