Demand for EPCs in Scotland booms

The BBC has reported that the Scottish housing market has hit an 11-year high, taking it back to volumes last seen before the 2008 financial crisis.

Sales for the quarter were up £80m (2.3%) on last year and £225m (7%) on 2016.

19,491 homes in Scotland were sold in the first quarter of 2019, up 2.8% year-on-year with significant growth reported in Aberdeen, Aberdeenshire and East Lothian.

The average cost of a property in Scotland was 8.6% higher than in the same period in 2016, with prices now at £166,334.

Elmhurst's own data supports this growth and suggests, because an Energy Performance Certificate (EPC) is required at the start of the home selling process, that better things are on the way. The number of Existing Dwelling EPCs issued in Scotland in the first quarter of 2019 were up by 30% but it is important to remember that not all this growth is due to house sales, because EPCs are required for rental purposes, and various government initiatives focussed on fuel efficiency. Whatever the reason this is good news for Elmhurst members in Scotland.

For more information read https://www.bbc.co.uk/news/uk-scotland-scotland-business-48413873

Article Published: 28th May 2019