PROPTECH-X ‘Proptech & Property News’ Weekly Roundup: Proptech startup NEVO | EPC ratings fallout | Rent reforms

A roundup of the week’s top proptech and property news in association with Estate Agent Networking.

Landlords and Renters on the Same Page With EPC

New research completed by Finbri has discovered 47.55% of UK landlords think EPC ratings are ‘Very or Extremely important’ when buying an investment property. With the current energy costs, the research findings demonstrate the importance of the EPC rating and energy efficiency in the UK rental market.

A recent survey of over 1,000 UK landlords found that 47.55% think Energy Performance Certificates (EPC) ratings are ‘Very or Extremely important’ when buying an investment property, while further research found that 31.57% of renters consider EPC ratings to be ‘Important’ when choosing their current rental property, and a further 28.57% believe the ratings to be Very important (18.28%) or Extremely important (10.29%). 

Landlords “fleeing” the sector because of changes to EPC requirements

Changes to Energy Performance Certificate rules is leading to landlords “fleeing” the sector, a leading property association warns today. Under new Government proposals all rental properties will need an EPC rating of C or above from 2025. 

The National Association of Property Buyers said despite there being two years until the rule-change, it was already having an impact on the sector. And they warned, ultimately, rent prices already soaring in many parts will rise even higher. 

Generation Rent: Tighter protections needed for reforms to benefit renters

to the report of the Levelling Up, Housing and Communities Select Committee on Reforming the Private Rented Sector, Alicia Kennedy, Director of Generation Rent, said: “Private renters will never enjoy stability in their lives or have the power to complain about their home if they can be evicted without the landlord needing a reason.

“The committee is spot on with its warning that the proposed new eviction grounds could be too easily exploited by bad landlords and leave renters vulnerable to unfair evictions.”

PropTech start-up NEVO takes aim at call-handling HMO operators

NEVO, a virtual assistant platform looks to alleviate the stress and burden of HMO landlords dealing with multiple tenant enquiries and help prevent vacancies. The intense competition in the market often results in landlords spending up to three hours a day responding to prospective tenants and sifting through hundreds of enquiries from various platforms.

NEVO’s founder, Neil Chadda, is a landlord with a decade of experience in HMOs, having housed hundreds of tenants and is an administrator of one of the largest communities of HMO landlords on the web – The HMO Group (with nearly 30,000 operators). He understands the struggles of being constantly available and the feeling of dread when your phone buzzes while you’re on holiday or relaxing with family. NEVO’s solution is to provide a platform that handles messages on your behalf, only escalating the most urgent.

The Proptech-X Weekly Roundup in association with Estate Agent Networking.

Andrew Stanton is the founder and CEO of Proptech-PR, a consultancy for Founders of Proptechs looking to grow and exit, using his influence from decades of industry experience. Separately he is a consultant to some of the biggest names in global real estate, advising on sales and acquisitions, market positioning, and operations. He is also the founder and editor of Proptech-X Proptech & Property News, where his insights, connections and detailed analysis and commentary on proptech and real estate are second to none.

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