Energy efficient homes 'to drive property market'

Posted: 02 Sep 2008 13:24:39 GMT

            Property News - Energy efficient homes 'to drive property market'

In a time of relative economic uncertainty, energy efficient homes could serve as a vital driver to keep the British property market in motion, it has been claimed.

According to the Energy Saving Trust (EST), a not-for-profit organisation that provides free advice to consumers, properties with greener outlooks are much easier to sell in the current market - recent research revealed 53 per cent of buyers would pay over £3,000 extra for green homes.

Jon McGowan, energy doctor at the trust, explained that people have been attempting to save money on their rapidly rising fuel bills by improving efficiency and generating their own power.

"The rising cost of fossil fuels and the effects of global warming becoming more evident has resulted in people trying to generate their own power, saving money on fuel bills by insulating our homes more effectively."

He added that the 'carbon appeal' is all set to replace 'kerb appeal' when it comes to influencing buyers.

It is estimated that the average household could save £300 a year by improving their energy efficiency. According to the EST, 33 per cent of heat is lost through walls, so insulation can be a very cost-effective way of reducing energy waste.

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