It is estimated that 2.9 million properties will need to be improved under the government's rental housing proposals to reach a minimum EPC rating of C by 2030. This is estimated to cost £23.4 billion, at an average cost of £8,074 per property.
This is according to Rightmove's 3rd Greener Homes Report, which found that 50% of landlords are concerned about possible penalties if their rental properties fail to meet EPC C standards by 2030 . 
Rightmove says a green wealth gap is emerging. An analysis of EPCs created in the past year shows that 50% of properties valued over £1 million have significantly improved their rating since their last EPC, compared to just 32% of properties valued at less than £400,000. I found out that there was.
The government's proposed minimum EPC requirements for all rental properties by 2030 are back on the table after similar proposals were scrapped by the previous government.
Without financial support to accelerate upgrades, this move could reduce the availability of rental properties on the market if some landlords choose to sell without making changes. There is a concern.
Latest data from Rightmove shows that the rate of former rental properties moving onto the sale market has already reached an all-time high, suggesting more landlords are selling. Previously, 18% of properties sold in August were on the rental market, compared to 8% in 2010.
Ahead of the Autumn Budget, Rightmove is calling on the Government to consider support for landlords that benefits renters and mass-market support for homeowners of affordable housing.
Tim Bannister, Director of Real Estate Science at Rightmove, comments: “Our analysis shows that more needs to be done to support the mass market, particularly those living in homes priced under £400,000, to move towards greener housing. is.
Expensive green home upgrades
“In the rental market, we know from discussions with agents and through our research that landlords want to provide comfortable and energy-efficient homes, but green upgrades can be costly. For landlords of low-cost properties, the economic benefits may not necessarily justify the investment.
He concluded as follows: “Now that the Government has confirmed that it will consult on raising the minimum energy efficiency standards for rented homes, we hope that this will provide much-needed clarity and, ideally, support for landlords. It should benefit residential tenants in the medium to long term. ”
Propertymark chief executive Nathan Emerson said: “There is more awareness and ambition than ever to improve the environmental credentials of properties across the UK.” However, the expected cost remains a major concern for many. ”
He added: “Ensuring that all rental properties meet the required standards by 2030 will require targeted support for landlords to achieve this. may require the tenant to temporarily leave if the remediation work proves to be too complex to accomplish while remediation work is underway.''
“You also need the necessary skill sets and supply chain to make it happen, and with a five-year opportunity, the timeline will likely be challenging.”
