Andrea Fawell, Sales & Marketing Director of property developers Kebbell, reveals what market factors are likely to affect house buyers and developers in 2023 and how confidence in the market is right now. Air source heat pumps, electric car chargers and water meters are now being frequently requested.
Fawell predicts that in 2023, developers will look for ways to make energy reductions and savings to meet consumer demand by building more energy-efficient homes. This can be achieved through new appliances, better insulation, underfloor heating, and modern building materials, or by improving annual ‘core’ energy costs for heating, lighting and hot water. Some mortgage lenders are offering ‘green mortgages’ which give better interest rates and sometimes cashback for energy-efficient homes. Both air source heat pumps and ground source heat pumps lend themselves to the principle of a green mortgage. In the future, homebuyers may be willing to pay more for a property which uses renewable energy.