RICS and YouGov survey 2022, Royal Institution of Chartered Surveyors News in 2022, UK property retrofitting
RICS and YouGov survey 2022 News
27 August 2022
Cost of living causing consumers to think again about retrofitting
RICS and YouGov survey shows homes therefore less likely to be able to cope with climate impacts or to mitigate rising energy costs

RICS / YouGov Cost of living crisis news
The cost of living crisis, has cast new doubt on the progress towards the United Kingdom?s Net-Zero ambition. Previous research from RICS* had found that homeowners were citing cost of retrofitting as a barrier, but despite new policy measures, new research from RICS and YouGov shows that consumers are now concerned about paying for the cost of living above upgrading their homes. Retrofitting has obvious benefits, such as being able to maintain a constant temperature in the home, as well as increasing the desirability of your property – the December 2019 Residential Market Survey*, prior to the energy crisis, cited almost two thirds of the survey?s respondents believed that the willingness to pay for energy efficient homes would rise in the next three years.
However, the latest consumer research from RICS and YouGov shows that homeowners are unsurprisingly looking to concentrate spending on escalating household costs.
The new research backs up previous calls made by the institution in 2020 for more policy measures to incentivise industry and consumers to retrofit the UK housin...