Purchasing premium reported for low-carbon housing

PROSPECTIVE house buyers are believed to be willing to pay a ten per cent premium on homes that are low-carbon – according to a poll.

Says the financial services and asset management company, Legal & General (which also operates a modular homes factory), buyers looking for a new home are willing to pay a 10.5 per cent premium for a low-carbon property, with Gen Z (born between the mid-1990s and early 2010s) future buyers willing to pay 20 per cent.

The findings follow a survey conducted in association with pollsters, YouGov.

Says a press announcement, here: “Almost two-thirds (62 per cent) of UK households see more investment in energy-efficient homes as an attractive or very attractive option to address the cost-of-living crisis.

“When asked why they would buy or rent a low-carbon home, 65 per cent of adults chose environmental factors such as reducing carbon footprint or helping to prevent climate change, whilst 37 per cent of adults prioritise the cost savings that they would see from cheaper energy bills.”

Meanwhile, there has been a 34 per cent increase in online searches for ‘eco-friendly homes’ and that renters are willing to pay a 13 per cent premium for a low carbon property.

Picture credit: Place Design Scotland