Sunday, June 04, 2006

The future is green

I read an interesting article by Karen Dugdale in the Ob today (sadly it is not online so I cannot link to it), about energy efficiency for rented properties. The conventional view is that it is not worth a landlord bothering to make a property eco friendly, as tenants will get all the benefit and landlords will not be able to recover their investment. However apparently a recent independent study, Green Value , has found that environmental enhancements can add significant value to rental properties by reducing operating and maintenance costs, attracting tenants quickly and reducing turnover while commanding higher rents. AND saving the planet!

Most UK landlords though still feel that the financial incentives are not sufficient, despite the Landlords Energy Saving Allowance having been extended in the recent budget.

However, Urban Splash who specialize in environmentally friendly brownfield developments, told Karen Dugdale that they have found green rentals to be very popular. Having had enquires about their properties from people who could not afford to buy them, they decided to hold some back for rentals, and have found this so popular that they are considering adding more.

If you are interested in environmentally friendly property, website Green Moves which specializes in advertising green properties for sale may be able to assist. Advice can also be obtained from the Bioregional Development Group.

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1 comment:

James said...

There is some useful information on this energy conservation for apartment tenants page.