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Confronting the EPC Challenge

The property market has experienced remarkable change in recent years. From the growth of second home ownership and the Buy-to-Let market following the UK’s staycation boom, through to incentives and schemes from successive governments for first-time buyers such as Help to Buy, Shared Ownership and the Lifetime ISA.

Perhaps in the more immediate memory, the market experienced a near total shutdown following the first national lockdown in March 2020. The pendulum then swung in the other direction and what followed was one of the busiest ever periods for the market, in part thanks to the Stamp Duty Holiday introduced by Chancellor Rishi Sunak to stimulate activity up and down the chain. Possibly more effective than the government could have ever imagined, the market has enjoyed a sustained period of record growth in both house prices and transaction levels as buyers have been forced to compete and pay a premium for quality stock after a period of reticence that stemmed back even further than the pandemic.