Quote Ref: WS1

Is your let property eco-friendly?

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A new study highlights how, for 42% of private tenants, an eco-friendly property is important. 

MortgageIntroducer, reporting on the survey from LSL’s PRIsm, revealed that in London, the figure jumps to 50%. These renters also believe that property owners should consider just how eco-friendly their investment is and, where necessary, undertake measures to make it more green.

This could include energy efficiency, insulation, ventilation and so on.

Typically, those who pay a higher rent per month are more likely to consider how environmentally-friendly a building is when deciding to whether to rent a property. 

63% who pay between £1,351-£1,600 per month said being environmentally-friendly is important versus 37% of private tenants paying £350 or less a month. 

The research also highlighted that green spaces were also an important consideration for many tenants, with almost a third (32%) interested in a communal garden and 30% willing to pay more for a vegetable allotment.

Spokesperson Martyn Alderton, national lettings director at Your Move and Reeds Rains, commented: “Whether it’s to reduce their energy consumption, save money or make a positive impact on the environment, it’s good to see that tenants consider the ‘greenness’ of a building an important factor in their rental decision.

“As we continue to build more and more homes for our growing population, it’s vital that we do whatever we can to create a more sustainable future for our planet and use our resources as carefully as possible.”

For landlords looking to improve the efficiency of their let property, in some areas government grants are available.

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