Thousands of Landlords made their rental properties for sale ahead of the national government net zero rules that will force the landlords to make costly energy improvements.
65,000 rental owners who put their rental properties for sale
In the first three months of this year, data shows that more than 65,000 rental owners put their rental properties for sale to avoid the government net zero rules that force rental owners to make costly energy improvements in their rental properties.
Out of these 65,000 rental owners who put their rental properties for sale, nearly 37,000 had low energy competence with an Energy Performance Certificate (EPC) average rate of D. A is the highest average rating, and G is the lowest rating, said to TwentyC Market Analyst, who collects property data in the country.
Under government net zero rules by 2028, rental properties must gain at least C average rating. The rental owners who are aware that their properties cannot pass the government’s new net rules have decided to put their rental properties for sale.
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The government wants all rental properties to get an EPC C rating
The experts stated rental landlords are now putting their rental properties for sale to avoid red tape. Rental owners fear bills for energy improvements.
The logical thing to do by the rental owners is to make their rental properties for sale.
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