50% of homes in Wales meet recommend energy rating

New 2023 research from Open Property Group found that just 50% of homes in Wales meet the recommended Energy Performance Certificate (EPC) rating of ‘C’ or above. This is exactly the same percentage as last year.

Despite UK government wanting to reduce the carbon footprint across the country, Wales is yet to increase the energy efficiency of its houses from the previous year

However, in comparison to England, homes in Wales are outperforming them as only 37% of homes in England meet the recommended EPC rating.

Open Property Group Managing Director, Jason Harris-Cohen said:

There has been a lot of noise around ‘greening up’ the UK’s property stock, and despite multiple campaigns and press coverage, homeowners are woefully behind the Government’s target. The pressure is really building for landlords especially, as we are less than 2 years away from the new EPC deadline. As things stand, a huge chunk of buy-to-let properties will be illegal to let from the end of 2025, unless the properties receive energy efficiency upgrades to achieve a minimum EPC rating of C.

A measly 1% increase in C rated homes reflects the troubles landlords face. While changing light bulbs and adding an extra layer on insulation to the loft will no doubt help, the major alterations that really improve an EPC are expensive. Double glazing, solar panels and heat pumps tick the boxes but they are expensive items to purchase, cause major disruption to install – perhaps even requiring the tenant to temporarily vacate – and there is no proven return on investment for newer technology. There’s also the added complication of a lack of materials and labour, meaning even the most willing of landlords are thwarted.

It’s interesting that Yorkshire and The Humber was the worst region for homes with C ratings. Buy-to-let yields in the region are some of the strongest in the UK – perhaps landlords are reluctant to compromise their strong income by investing in eco improvements – a sentiment we feel is being repeated across the UK.”