Energy efficient homes in huge demand

Michael Lloyd

August 27, 2019

Homes that help residents reduce their carbon footprint are in high demand, an analysis by estate agent Jackson-Stops has found.

Over a fifth (22%) of the UK public want integrated energy efficient appliances and electric car charging points in their next home. In July the government announced plans to introduce legislation that will require the installation of charging points for electric vehicles in all new-build homes in England.

Nick Leeming, chairman at Jackson-Stops, said: “With England set to be the first country to introduce mandatory charging points for electric vehicles in new homes, it is promising to see there is a clear demand from the UK public for properties which help residents reduce their carbon footprint.

“An impressive 22% of respondents stated they would like to see integrated energy efficient appliances and electric car charging points in their next home.

“These responses encompass both renters and buyers alike, indicating that there is huge opportunity here not only for housebuilders and build to rent developers but also landlords and vendors.

“Owners of properties with these features should speak to their local agent about their heightened demand, and therefore any potential premium that they can attract in the current market.

“It is also key to highlight that this demand spreads further than just the new homes market. It can sometimes be assumed that older properties are less energy efficient than new build homes, but owners can make small changes, such as installing new appliances, which can help reduce their CO2 emissions.”

The government’s proposals, which would be a world first, are being led by the Department for Transport and form part of the UK government’s plans to achieve net zero emissions by 2050.

Nationally, features which would help reduce residents’ CO2 emissions were ranked as more important than living within close proximity (1 mile maximum) to good transport links (21%).

Londoners showed the strongest preference towards reducing CO2 emissions in the survey, with 31% of London residents stating they would like energy efficient appliances and electric car charging points in their next property.

The younger generation were the most conscious of their carbon footprint when making property decisions, with a third (33%) stating they would like these features in their next home.

James Gibbs, head of land and new homes for the South West, added: “Zero carbon developments are certainly growing in popularity.

“In recent years we have been appointed on several high-profile schemes including Holland Park in Exeter, which was one of the first zero carbon developments in the south west.

“Housebuilders are responding to buyer demand; there is a clear increasing desire from house hunters for homes with energy efficient appliances. This heightened demand is creating a price premium on this type of property.”

Jackson-Stops has over 45 offices nationwide; with branches ranging from city locations such as London, Truro and York right through to rural markets such as Sherborne, Burnham Market and Alderley Edge.

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