Green and sustainable buildings 'could be encouraged through taxation'

29/07/2010 15:37:15

 

The green and sustainable building practices now used during new construction of domestic properties could see more people opt for homes that have not been lived in before, it has been suggested.

Recent reports have revealed that the coalition government is planning to raise stamp duty levels on inefficient homes - but this is not the only issue playing a part in the minds of house buyers, according to one industry insider.

Vernon Pethard, founder of NewHomesForSale, explains that new-build properties are typically more economical to run without the issue of taxation factored in.

This fact, combined with the eco-friendly profile of many modern homes, could see more people purchase them in light of the stamp duty plans, he adds.

While retrofitting could help to make older homes more eco-friendly, Mr Pethard points out that it may not always be possible to bring their green profiles fully in line with those of new-builds.

Posted by Neil Burton

 

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