Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.

Welsh MPs Warn EPC C Targets May Increase Rents Due to Upgrade Costs

Welsh MPs have warned that new EPC C targets could put further pressure on landlords, with concerns that the cost of energy-efficiency upgrades may be passed on to tenants through higher rents. The government has announced that all private rented homes in England and Wales will need to meet EPC C targets by 2030.

According to a report by Property118, the requirement for private rented properties to achieve an EPC C rating by 2030 has raised concerns among Welsh MPs. They have highlighted the potential impact on landlords, who may face significant costs to upgrade their properties to meet the new energy-efficiency standards.

There are concerns that these upgrade costs could be transferred to tenants in the form of increased rents. This issue is particularly relevant for letting agents and inventory clerks, as changes in rent levels and property standards may affect tenancy agreements, property management, and compliance checks.

The government’s policy applies to all private rented homes in both England and Wales, with the aim of improving energy efficiency across the sector. The discussion around the financial impact of these changes continues, as stakeholders consider the implications for both landlords and tenants.