18 Years to meet EPC targets = No chance

The Property Nomads Podcast

Rob discusses the reintroduction of EPC targets by the Labour government, aiming for a minimum EPC rating of C by 2030 for property investors. He questions the feasibility of this target, highlighting the disparity between the government's goals and the current rate of upgrades in homes, and expresses concerns about the financial implications for landlords and the challenges of upgrading older properties to meet the required standards.

KEY TAKEAWAYS

• EPC targets are back due to the Labour government reintroducing green targets for property investors.
• The government aims for all homes to have a minimum EPC rating of C by 2030, but the current rate of upgrades suggests it may take until 2042 to achieve this target.
• The disparity lies in the number of homes being upgraded annually (115,000) compared to the required rate (340,000-350,000) to meet the 2030 target.
• Challenges in achieving a C rating include high renovation costs, conservation area restrictions, and the nature of older housing stock.
• Energy shocks highlight the need for energy independence, but the focus on upgrading homes may not directly address the root causes of energy issues.

BEST MOMENTS

"Labour have reintroduced plans to reintroduce green targets for property investors, i.e. with your energy performance certificate rating."

"Yet the Labour government want to introduce or reintroduce EPC C rating by 2030."

"Energy shocks in recent years have shown the urgent need to upgrade British homes."

"To me, nuclear is the answer. You need to be building as many nuclear plants as you can and upgrading the infrastructure of the grid."

"So yes, energy shocks in recent years have been brought on by government. So that's a government issue, not this current government."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/other/landlords-would-take-18-years-to-meet-epc-targets/ar-AA1oDlAe?ocid=winp2fptaskbar&cvid=b12630545a6c4623947868777f0ea779&ei=14

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