Owners of investment properties in London may face a challenge in making their homes energy efficient.
According to Michael O'Doherty, head of climate change for buildings and energy at Manchester City Council, the commercial sector will be "the real challenge" when it comes to retrofitting the UK's housing and commercial property stock.
"When tenants understand the benefits and are prepared to pay a premium for retrofitted, highly energy efficient buildings, that is when the market will move," he noted.
"It is an area that we need to do more to push with, but it will probably be driven by tenants in the commercial sector's demand."
His comments follow the Institution of Chartered Surveyors research that said green building & construction methods should start to replace traditional ones if the UK's housing crisis is to be alleviated.
The report also stated that off-site construction techniques, recycled materials and innovative structural design could make house-building quicker and more cost-effective.
Building & Construction News
Wednesday, 2 February 2011
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