Londoners not bothered by energy efficiency

Posted: 08 Jan 2008 11:20:15 GMT


            Property News - Londoners not bothered by energy efficiency

New research shows that the majority of Londoners do not consider energy-saving features to be an important consideration when buying a property.

New research shows that the majority of Londoners do not consider energy-saving features to be an important consideration when buying a property.

Hamptons International has revealed that 67 per cent of people looking to buy in the capital put energy efficiency bottom of their 'must haves' list.

It follows the introduction of Home information packs (Hips) for all properties across England and Wales, which the government hopes will encourage homeowners to make their homes greener.

"This research highlights how growing concern for the environment is yet to affect buying decisions within the London property market today and probably the overall UK market," said Phil Tenant from Hamptons International.

"In London, so many people are competing for every square-inch of property that there isn't the luxury to search by carbon output. Furthermore, with each square-foot of property costing upwards of £1,000 in most central areas, the cost of a new, more energy-efficient boiler may be the same as just one more square-foot.

"Outside central London , where property is cheaper relative to heating costs, the emphasis is likely to change," he added.

The government has promised to make all new builds carbon-neutral from 2016.

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