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An energy efficient home is not a top priority for homebuyers

A lack of new properties being listed for sale continues to drive house prices up, while most new buyers don’t factor in energy efficiency in their purchase, according to the October 2021 RICS UK Residential Market Survey.

In October, respondents to the monthly survey pointed to another dip in the volume of sales agreed over the month, (net balance -9%) with the main issue being a lack of stock for would-be buyers to choose from.

Despite a rise in the number of new enquiries (net balance +10%), agents currently only have 37 properties on their books on average. Meanwhile, -20% of contributors have reported a fall in the number of new properties being listed for sale.

This is not only impacting on sales activity but is a significant factor behind current house price rises. In October, +70% of respondents (net balance) cited a rise in house prices, with the trend expected to continue over the next three months (net balance of +25%) and year ahead (net balance of +69%), according to RICS.

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