TECHNICAL BULLETIN
ISSUE 39
DECEMBER 2021
ENERGY PERFORMANCE CERTIFICATES AND VALUE COULD EPCS HAVE AN IMPACT ON THE VALUATION OF RESIDENTIAL PROPERTY? HILARY GRAYSON BSC EST MAN (HONS) LARRY RUSSEN MA BSC FRICS FCABE C.BUILD.E MFPWS PGCE ANNE HINDS BSC (HONS) FRICS
This year, one of the major high street lenders introduced new valuer guidance asking valuers to consider the EPC in their valuation process. We are writing this article as COP26 Glasgow has just completed. With the UK government committing itself to cut greenhouse gas emissions to “net-zero” by 2050 (June 2019), stating an ambition for as many homes as possible to be EPC band C by 2035 (the average energy rating band for properties in the UK is D) and climate change shooting up the agenda, now is the time to consider EPCs, how they might impact values in general, and to question the role of the residential surveyor and valuer to help the UK hit its net-zero targets. A brief history of the EPC
Net-zero means that in 30 years’ time the UK commits to emitting no more greenhouse gases than it takes out of the atmosphere, to keep the UK in line with the commitments it made as part of the 2016 Paris Agreement to keep global warming under 2 degrees.
EPCs were originally included as part of the Home Information Pack (HIP) introduced by the Housing Act 2004 and The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 (S.I.2007/991) after the introduction of the Energy Performance of Buildings
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