It seems that new regulations relating to energy efficiency of rented properties are creating shockwaves among landlords, such that many are selling up and cashing in. Supply of rental stock has plunged by 50% and consequently rental costs are soaring – up by as much as 15% since 2020.
At PLG we are 100% behind the need for energy efficient homes – in a time when fuel costs are soaring and when many of our clients require warm homes 24/7, we understand and endorse the need for ensuring homes can be run as efficiently as possible. But this has come at a price. The cost for landlords of ensuring homes are energy efficient is immense – some estimates put is as high as £10 billion. So many landlords are cutting their losses and getting out of the market altogether, hence the shortage of rentals around.
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