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The Low Carbon Economy Ltd

17 Aug 2010 12:08:58

Developers 'must sell eco-homes at a price the market can bear'

Developers 'must sell eco-homes at a price the market can bear'
Developers need to sell eco-homes at a similar price as conventional properties due to market conditions, according to one expert.

Gordon Miller, sustainability and communications director of Sustain, said that currently there is little price difference between a newly built property and a green home.

"The developer has to sell it for a price that the market will bear and that is invariably no greater than for what would be considered a conventional house," he explained.

The comments come following the creation of a new European Union (EU) directive, due to come into force in 2012, which will require all for sale adverts to contain information on the energy efficiency of a property.

Homeowners are currently required to commission an energy performance certificate when they put their house on the market, but the information may not be available before viewings.

Mr Miller said that at the moment there is a lot of negativity surrounding eco-homes, when in fact the positives should be highlighted.

"Often these homes are better insulated so they retain the heat better in the winter and in the summer they are cooler as well because they are better built," he added. ADNFCR-1235-ID-800027876-ADNFCR

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