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The impact of Minimum Energy Efficiency Standards on the UK investment market: one year on

The impact of Minimum Energy Efficiency Standards on the UK investment market: one year on The purpose of this paper is to provide an update on how the 2018 energy efficiency legislation in the UK, Minimum Energy Efficiency Standards (MEES), is impacting upon the UK market with a particular emphasis on the investment market.Design/methodology/approachThis practice briefing is an overview of the 2018 legislation and comments on how market awareness has changed since its introduction and the potential impact upon prices of affected properties moving forward.FindingsThis paper discusses how capital and rental values are beginning to be discounted in the market to allow for current and future liabilities under the MEES legislation. This has a significant impact on strategies for property investment.Practical implicationsThe role of the property professional is to ensure that clients are fully conversant with their statutory obligations and to advise on appropriate investment strategies to optimise their property portfolios.Originality/valueThis paper provides insights on the requirements of MEES legislation to aid the property professional. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Property Investment & Finance Emerald Publishing

The impact of Minimum Energy Efficiency Standards on the UK investment market: one year on

Journal of Property Investment & Finance , Volume 37 (4): 8 – Jun 10, 2019

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Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1463-578X
DOI
10.1108/jpif-04-2019-0046
Publisher site
See Article on Publisher Site

Abstract

The purpose of this paper is to provide an update on how the 2018 energy efficiency legislation in the UK, Minimum Energy Efficiency Standards (MEES), is impacting upon the UK market with a particular emphasis on the investment market.Design/methodology/approachThis practice briefing is an overview of the 2018 legislation and comments on how market awareness has changed since its introduction and the potential impact upon prices of affected properties moving forward.FindingsThis paper discusses how capital and rental values are beginning to be discounted in the market to allow for current and future liabilities under the MEES legislation. This has a significant impact on strategies for property investment.Practical implicationsThe role of the property professional is to ensure that clients are fully conversant with their statutory obligations and to advise on appropriate investment strategies to optimise their property portfolios.Originality/valueThis paper provides insights on the requirements of MEES legislation to aid the property professional.

Journal

Journal of Property Investment & FinanceEmerald Publishing

Published: Jun 10, 2019

Keywords: Market value; Energy Performance Certificates (EPCs); MEES regulations; EPC assessors; UK property market

References