July 20

Landlords’ Energy Efficiency: RICS


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.

The Royal Institution of Chartered Surveyors (RICS) has initiated an eight-week consultation to seek feedback on its new Residential Retrofit Standard for 2023. This move comes as a response to the growing need for top-notch residential retrofit guidance, driven by surging energy costs and the UK government’s net-zero objectives.

Recent housing market data from both rental and sales segments demonstrate that energy-efficient homes are increasingly sought-after and contribute to preserving property value. Retrofitting homes not only leads to reduced energy usage but also enhances the overall comfort of living spaces.


In a recent survey conducted by RICS and YouGov, 36% of homeowners expressed uncertainty about making their homes more eco-friendly. Additionally, 78% of respondents stated that they would value retrofitting advice from surveyors during property purchases. These statistics underline the necessity for reliable and professional guidance for customers.

Antony Parkinson, RICS Senior Property Specialist, emphasizes the urgency to enhance the energy efficiency of UK homes. Taking action now is vital, as improved energy efficiency should be an integral part of home maintenance. By adopting energy-efficient measures, homeowners can save money and contribute to environmental preservation.

“We are rapidly progressing with the development of the new RICS retrofit standard to enable our members to assist customers in enhancing their homes’ energy efficiency. Collaboration is key, and together, we can create a positive impact.”

Around 25 million homes in the UK are expected to need energy improvements to meet potential standard increments.


You can participate in the consultation, available at, until September 12.


RICS Consulation Findings:

The findings highlight the vital role of surveyors in promoting energy-efficient homes. As trusted experts in the property industry, they provide valuable advice, helping homeowners navigate the retrofit process seamlessly. Energy-efficient features not only benefit the environment but also enhance property marketability, ensuring long-term financial gains.

Amidst climate change concerns, the significance of energy-efficient homes cannot be underestimated. Retrofitting contributes to a greener, more sustainable future, reducing carbon footprints and energy costs. The RICS Residential Retrofit Standard leads the property industry towards eco-responsible practices, leaving a positive impact for future generations.

The ongoing consultation invites active participation from homeowners, landlords, and surveyors. Sharing insights and experiences, stakeholders can shape the future of residential retrofitting in the UK. This collaborative approach supports a low-carbon economy, prioritizing energy efficiency in the property sector’s mission.

Read more Property Investing News HERE


Energy-Efficient Homes, Residential Retrofit Standard, RICS Consultation

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