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It is key that we support customers financially, so they are not held back from boosting demand for energy efficient products and services.

Lloyd Cochrane
Head of Mortgages at NatWest Group

Our latest Greener Homes Attitude Tracker covering Q1 2023 has been published. You can take a look at the report’s key insights below and read the full report for more.

Other insights from the latest tracker

  • 63% of homeowners plan to make improvements over the next ten years, falling from 66% in the last quarter and down from a peak of 68% in Q3 2022.
  • 71% of homeowners stated that the cost of having the work done was the biggest barrier to sustainable home improvements.
  • The extension of the UK Government's Energy Price Guarantee (EPG) to June comes at a critical time, with around half of households having stated that they were either 'not very confident' (32%) or 'not at all confident' (18%) of being able to afford to pay higher gas and electricity prices.
  • 48% of households reported turning down the thermostat to reduce energy bills as a result of the rising cost of living, increasing to 61% for those aged 55-64.
  • The importance of a property's EPC rating to prospective homebuyers decreased slightly in the first quarter of 2023, with 39% stating it was a 'very important' factor to consider, down from 41% in Q4 2022.

 

Lloyd Cochrane, Head of Mortgages at NatWest Group said: “Our data has shown that homeowners continue to be affected by increased costs, in particular gas and electricity bills - an ongoing worry over the last year. The extension of the UK Government's Energy Price Guarantee to June comes at a critical time, with half of households stating they were not confident in being able to afford to be paying higher energy bills.

“We also know that homeowners are keen to make changes that will save money and combat climate change – but the costs of making these changes remain a barrier for homeowners. These insights have formed part of our work across industry, through public private partnerships, and our engagement with Government to propose policies that can work positively to support consumers improve the energy efficiency of their homes. It is key that we support customers financially, so they are not held back from boosting demand for energy efficient products and services.”

Greener Homes Attitude Tracker

Read the latest report for more insights into homeowners’ sustainability intentions.

Read now 

Disclaimer

The NatWest Greener Homes Attitude Tracker survey was first conducted in May 2021 and is compiled by S&P Global. The survey is based on monthly responses from 1,500 individuals in the UK, with data collected by Ipsos MORI from its panel of respondents aged 18-64. The survey sample reflects the true composition of the population to ensure the accuracy of the survey results.

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