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Are you familiar with the new EPC targets? – London Wallet

Mark Helprin by Mark Helprin
September 3, 2024
in Real Estate
Are you familiar with the new EPC targets? – London Wallet
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With new Energy Performance Certificate (EPC) targets for rental properties on the horizon, Reapit is hosting a new webinar to help agents and landlords understand the full implications of the changes.

The private rented sector (PRS) across England, Scotland, and Wales is set to undergo a significant transformation with the government’s new EPC targets.

Reapit’s latest industry report reveals that over 51% of PRS properties currently fall short of the EPC C rating, which will become mandatory in the sector by 2030. This represents a potential £24bn cost to landlords for necessary upgrades. If landlords choose to sell rather than retrofit, there could be significant repercussions for rental prices and housing availability.

These upcoming changes will also impact profitability and operations for agents, making it essential to understand the evolving landscape and the strategies required to thrive within it.

The webinar will be held on 6 September at 11 am. This session will explore the costs landlords will face to meet the EPC C requirements, the potential consequences if they decide to sell instead of upgrade, and the broader impact on agents and tenants. The webinar is free to attend, and agents can register now.

Leading the session will be Neil Cobbold, Reapit’s commercial director, who will walk through the details of the company’s comprehensive report on EPC reforms.

Topics covered will include:

+ The estimated costs of retrofitting PRS properties to an EPC C

+ Regional breakdowns of properties affected by the new targets

+ The potential impact on rental prices and housing availability

+ How agents can influence future policy development

“Reapit’s latest report on EPC reforms highlights the challenges and opportunities that agents and landlords will face in the coming years,” said Cobbold. “This webinar aims to provide the clarity agents need to navigate this transition. Those who understand the implications of the new EPC targets will be best positioned to turn the potential challenges into opportunities.”

 





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