top of page
  • Writer's pictureSolarQuote

Eco-Friendly Homes Holding Their Prices Over Older Properties.

One type of home is resisting downward trend in house prices

UK home buyers are seeking

over older properties, according to a survey by the Royal Institution of Chartered Surveyors (RICS).

The trade body said that 61% of estate agents felt that eco-friendly homes were holding their market value despite a "downward trend" in property prices in most areas in the UK.

And around 40% of estate agents were seeing more interest in energy efficient homes.

In a report, the trade body said: "Energy is likely to be of increasing importance in future decisions made by occupiers and investors, and this will be reflected in property value.

"However, much will depend on the approach taken to regulation, the availability of grant aid, the attitudes of lenders and the transparency of the evidence."

Jonathan Hopper, from buying agents Garrington Property Finders, said properties that required refurbishment had "fallen out of flavour" in the housing sector.

He told The Telegraph: "Building costs have spiraled and getting hold of a builder is a challenge in itself, and then the expense of actually going through a full refurbishment with an unknown end value is just not appealing to buyers."

Note: We claim no right or title to this article which appears in The Telegraph online.


bottom of page