Apartment – Online Agents

Rising numbers of buyers searching for environmentally friendly homes

admin — Fri, 28 Feb 2020 07:09:36 +0000

Many people are becoming increasingly eco-conscious and want to do their part to protect the planet.

Home hunters are increasingly searching for eco-friendly homes amid concerns about rising energy bills, figures suggest. New research has shown a marked increase in the number of property buyers who are keen on securing a mortgage based on a building’s EPC as part of the search process – a nod to the fact that energy performance certificates are becoming more crucial than ever as a way of ensuring cheaper bills.The rise in the number of people looking for eco-friendly products to go along with eco-friendly homes appears to be tied with the crippling energy cost rises being experienced by many households in recent months.

Despite Liz Truss’s recent announcement that the typical household energy bill would be capped at £2,500 annually, costs are still surging, making energy efficiency higher on many people’s agendas.

Some homes go much further than simply matching building regulations. They go over and above the call of duty in an attempt to cut bills and carbon emissions back to zero. Green building in Britain is moving past the experimental stage and into the mainstream.

Gone are the days when only grand designers were able to live in eco-houses, built to bespoke standards by enthusiasts willing to invest huge amounts of time and money in creating a home that would use less energy than it could generate through innovations such as solar panels and wind turbines.

While not all new-builds are A-rated, statistically a vastly higher proportion of newly built properties have top A or B ratings when it comes to EPCs, compared with existing properties, where the average is a D.

Nationwide found that properties in the A-C top-rated EPC bracket currently pay an average £1,700 on bills per year (based on the April 2022 price cap). But those in the bottom tier F-G properties are paying more than twice as much, at around £3,900 per year.

In the private rented sector, when thinking about saving money, all landlords must now consider the EPCs of their rental properties. At present, rental homes must achieve a rating of E or higher, but this could soon rise to a C, which may pose problems for many investors.

As a way of future-proofing, growing numbers of landlords are considering new-builds. While the initial outlay can be higher, this can be weighed up against the cost of retrofitting an older home to bring it up to standard, as well as the premium rents new-builds can attract from tenants.

With tenants also prioritising the cost of living, more landlords are reporting questions from prospective tenants about energy prices at properties to let. This is another way that new-builds could prove more attractive to a wider group of tenants, with lower energy costs proving extremely attractive.

Will there be a housing crash in 2024?

admin — Fri, 28 Feb 2020 07:08:57 +0000

The housing market’s set to slow down later this year. There’ll be fewer sales and house price growth is easing.

The market’s proving more resilient than anyone expected, even in the face of economic headwinds.

It’s given us greater choice over where we live, highlighted our relationships with our homes, and altered our reasons for moving.

And the housing market’s in a very different position to the last time we saw house prices fall, after the global financial crisis of 2008.

House price growth has spread around the country.

It’s no longer London and the South East that are tracking the biggest house price gains.

Instead, we’ve got the South West, Wales and the Midlands seeing double-digit house price growth.

With higher demand in new areas, the value of housing has started evening up across the country.

House price growth has spread across the country.

More people want to move because of the pandemic.

Hybrid working is here to stay.

More people are retiring. Almost half a million older workers have left the labour market since the pandemic.

At the moment, the best placed buyers are well-off homeowners who spend less on energy and food and have benefitted from double-digit house price growth in the last two years, they have also worked from home and built-up their savings.

That is not to say that first time buyers are being pushed out of the equation. They are motivated to get on the ladder.

In conclusion, we believe that there is potential for sales to slow down or stagnate by the end of the year because of high prices demanded by sellers and a gloomier economic backdrop, we do not believe that there will be a crash.

Nice Room with View

admin — Fri, 28 Feb 2020 07:05:15 +0000

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Housing Markets That Changed the Most This Decade

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Housing Markets That Changed

admin — Fri, 28 Feb 2020 06:49:05 +0000

Housing Markets That Changed the Most This Decade

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