'EPCs affecting property purchases'

18 September 2007
An expert has claimed that the introduction of home information packs (Hips) is likely to influence people's decisions when it comes to purchasing properties.

Julian Brooks, managing director of GreenMoves, said that there is evidence that the energy performance certificate (EPCs) element of the packs is already having an impact on the market.

People may be "cautious" about having their house assessed and may consider it money that could be spent elsewhere, Mr Brooks suggested, stating that some reports indicate housing supplies have slowed down.

However, consumers are now thinking more about energy and the cost of running a home, Mr Brooks said.

"It's still early days but I think it will, in this current climate, affect the decisions made when purchasing average properties," he commented.

The government recently announced that from September 10th 2007, people selling three-bedroom properties were required to provide a Hip containing an EPC.

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