Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Landlords Boost Spending on Green Property Upgrades
Nearly nine in ten property investors are increasing their spending on sustainable property features, according to a report highlighted by Property118. The findings come from Handelsbanken’s fifth annual Property Investor Report.
The report states that 89% of investors are allocating more money to sustainability measures across their property portfolios. The research surveyed 200 property investors and property management professionals.
For UK letting agents and inventory clerks, this trend towards greater investment in green upgrades may impact property standards and compliance checks. The report notes that factors such as energy costs, extreme weather, and tougher standards are influencing investment decisions in the property sector.
Letting agents and inventory clerks may wish to monitor these developments, as increased spending on sustainable features could affect property management practices and tenant expectations.
Source: Property118