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Research claims one in five commercial buildings could lose their value because of new energy legislation – but one Scottish energy expert is not convinced
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UK Government figures suggest 19% of commercial properties in England and Wales will fail to comply with the new Minimum Energy Efficiency Standard (MEES) when they come into force in April 2018.
Figures from C02 Estates estimate that properties not achieving the new standards may become uninhabitable or un-rentable and will see a significant fall in their value – wiping £16.54bn from the total value of UK estates
Scottish energy expert and commercial EPC specialist Raj Chall of Scottish Energy Services is not convinced. He said: “If £16bn was really about to be wiped off the value of English and Welsh properties by the introduction of higher energy efficiency standards you would expect this to have already occurred in Scotland following the introduction of similar commercial EPC regulations such as last year’s Section 63 legislation.
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