Homeowners are concentrating spending on other priorities
New research from RICS and YouGov has revealed that consumers are now concerned about paying for the cost of living above upgrading their homes.
Retrofitting has obvious benefits, such as being able to maintain a constant temperature in the home, as well as increasing the desirability of your property – the December 2019 Residential Market Survey, prior to the energy crisis, cited almost two-thirds of the survey’s respondents believed that the willingness to pay for energy-efficient homes would rise in the next three years.
However, the latest consumer research from RICS and YouGov shows that homeowners are unsurprisingly looking to concentrate spending on escalating household costs.
The new research backs up previous calls made by the institution in 2020 for more policy measures to incentivise industry and consumers to retrofit the UK housing stock. The research found that while…
