Are buyers worried about EPCs
The Department of Energy and Climate Change claims that houses with good energy performance ratings are worth, on average, 14% more than they would be without. On an average home, this could amount to an increase in £16,000 to the value of the property.
The DECC’s report was drawn up following research into over 300,000 property sales in England between 1995 and 2011. The Department is keen to infer that energy efficiency is now a key factor influencing the sale price of residential homes in England.
Energy and Climate Change minister Greg Barker said: “Not only can energy efficient improvements help protect you against rising energy prices, but they can also add real value to your property. This coalition is committed to helping hard-working families with the cost of living. The Green Deal is designed to do exactly that.”
However, the claims have been refuted by many critics, particularly agents, who say that their customers rarely give EPCs a second glance. The Green Deal has inspired only 200 takers to date – a long way off the 10,000 the Government planned to have signed up for by the end of this year.