News at Ware & Co | 10/09/2022

  • 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