Clicky

July 25

EPC Reform: Government’s Relaxed Approach

0  comments

The rising popularity of serviced apartments attracts guests seeking hotel-like comforts while maintaining their privacy. To stand out among the competition and increase profitability, it’s crucial to enhance your marketing strategies for your multiple properties in town.

Housing Secretary Michael Gove has suggested a more gradual approach to EPC reforms for private landlords. In a recent interview, he acknowledged that the government may be placing excessive demands on landlords, considering the requirement for green measures to meet new energy efficiency standards by 2028. Gove hinted at potential changes to the timetable for implementation.

According to the Telegraph, Gove mentioned the need to ease the pressure on landlords, considering the existing financial challenges they face. Rightmove reported that 16% of listed homes were previously rented, with stricter Energy Performance Certificates being a significant reason for landlords selling their properties.

The interview with Gove on green issues came after the Uxbridge by-election, where the introduction of an expensive Ultra Low Emission Zone tax was a point of contention between the main parties. Controversial Labour Mayor Sadiq Khan is actively advocating for rent controls in the capital and has made the Ultra Low Emission Zone a priority.

EPC Reform

According to a recent report in the Sunday Times, London Mayor Sadiq Khan is expected to soften the financial impact of a measure after meeting with Labour leader Sir Kier Starmer. Meanwhile, on Monday, July 24, Housing Secretary Michael Gove is anticipated to unveil a revised planning policy aimed at revitalizing house building numbers.

Gove’s comments, as reported by The Telegraph, emphasized the need to ease the financial burden on landlords. Rightmove’s data indicated that 16% of listed homes were previously rented, with stricter Energy Performance Certificates playing a significant role in landlords opting to sell their properties.

The discussion on green issues with Gove followed the Uxbridge by-election, where the contentious Ultra Low Emission Zone tax became a focal point for the main parties. The topic of rent controls in the capital, actively promoted by Sadiq Khan, the Labour Mayor, went hand in hand with his commitment to the Ultra Low Emission Zone.

In a separate report by the Sunday Times, it was suggested that Sadiq Khan might be considering reducing the financial impact of a measure after meeting with Labour leader Sir Kier Starmer. On Monday, July 24, Housing Secretary Michael Gove is set to unveil a revised planning policy aimed at rejuvenating the house building sector, addressing the crucial issue of declining house building totals in the housing market.

 

 

Read more Property Investing News HERE


Tags

Energy Efficiency Standards, EPC Reform, Private Landlords


You may also like

Leave a Reply

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get in touch

Name*
Email*
Message
0 of 350