Landlords say government’s EPC C target by 2030 is ‘impossible’

Landlords say government’s EPC C target by 2030 is ‘impossible’

9:32 AM, 29th August 2024, About 3 months ago 42

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As the UK government pushes ahead with its plan to require all rental properties to achieve an EPC rating of C by 2030, a growing number of landlords are sounding the alarm.

According to a survey by Landwood Group, a staggering 95% of respondents believe the target is impossible to meet.

And, it says, it is seeing a surge in landlords wanting to auction their properties – these include single homes and large portfolios.

The firm of national chartered surveyors and auctioneers warns that the energy performance certificate proposals are unrealistic but could also damage the private rented sector (PRS).

With some of the oldest housing stock in Europe, the UK’s landlords face significant challenges in upgrading their properties to meet the new standard.

‘So-called ‘green’ initiative’

Mark Bailey, a partner at Landwood Group, said: “This so-called ‘green’ initiative might look good on paper, but it’s built on shaky foundations.

“The focus on improving modern social housing, overlooks the vast majority of Britain’s private rental properties which are ageing and would require significant, costly upgrades to meet the EPC C standard.”

He adds: “For many, achieving this rating is not just challenging; it’s nearly impossible without substantial financial investment.

“Previously, government subsidies helped with upgrades like heat pumps and insulation.

“Now, landlords have little choice but to sell or raise rents to cover these high costs.”

Landlords are forced out of the market

Mr Baily continued: “The consequences for renters are clear. As landlords are forced out of the market, tenants will face fewer housing options and higher rental prices.

“Energy efficiency is certainly important, especially in light of rising energy costs.

“But what use is energy efficiency if people can’t afford a place to live?”

He adds: “The government needs to address the housing crisis before imposing such stringent requirements.

“As it stands, this policy risks doing more harm than good.”


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John

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20:06 PM, 4th September 2024, About 3 months ago

Reply to the comment left by SCP at 04/09/2024 - 19:45
Elections are end of this yr not 2025.

Are you saying the reset is being setup for 2025?

Have you seen David web’s “great taking” info on utube etc. I assume this ties in with the planned reset.

SCP

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20:36 PM, 4th September 2024, About 3 months ago

Thank you, John.
I am following the geopolitical analysis by Dr Ankit Shah: de-colonisation, de-radicalisation and de-dollarisation.
I do not want to discuss geopolitics here.
Just as there was a financial reset with the bursting of the dot.com bubble involving tech shares, something similar will happen from 2025 onwards. Many American banks will collapse in addition to those already collapsed. Warren Buffet has sold half of his Apple shares, and this is described as prudent management as he was overweight!
American access to its own printing press will come to an end. It does hold over 8000 tonnes of gold. As soon as the Fed cuts interest rate, gold will go up.
I will not write any further on this topic in this forum.

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