Landlords with energy-inefficient properties face having either to upgrade them, or to have them banned from the market.
But where is the money going to come from to upgrade a typical older-style rental property? If landlords pay for the work, then bang goes their investment return for several years. And if they try to sell the property, who would buy?
It is all very well urging landlords to ‘think green’, but the whole debate has been reduced to soundbites, says William Jordan in today’s hard-hitting blog.
Proper incentives, such as tax concessions, are, he believes, the only possible answer to make it worthwhile for landlords to ‘green up’.
See his blog.
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