Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Barclays survey highlights growing demand for energy efficient rental homes
A survey by Barclays Bank suggests that energy efficiency is becoming a priority for households across the UK. According to the findings, 56% of UK adults believe energy efficient upgrades are becoming essential because of high utility costs.
The picture is more pronounced among tenants. Almost two thirds of renters, 63%, say energy efficiency upgrades are becoming essential.
Renters report limited ability to upgrade
However, the survey also points to a practical barrier in the rented sector. Many renters say they do not have the ability to make significant upgrades themselves. As the source report notes, renters are more likely than other groups to face this constraint, a point it cuts off before elaborating further.
What this means for letting agents and inventory clerks
For letting agents, the survey findings suggest that tenant expectations around the energy performance of rental properties may be rising. With a clear majority of renters viewing energy efficiency improvements as essential, agents may find that questions about a property's energy credentials feature more prominently in tenant conversations and property marketing.
For inventory clerks, the findings may reinforce the value of accurately recording the condition and features of a property at check-in and check-out, including details relevant to energy performance, such as heating and insulation features, where these form part of the inventory process.
The available source material reports the survey's headline figures only. It does not detail the survey's sample size, methodology, or any wider recommendations for landlords or agents, so this brief limits itself to the figures and points explicitly stated in the original report.
Agents and clerks wishing to explore the findings in full should consult the original Landlord Today article, which may contain additional detail beyond the excerpt summarised here.
Source: Landlord Today