Study warns new energy law will see prices plummet

New legislation on energy efficiency could sharply reduce the value of much of Britain’s commercial property, an architecture firm warned today.

The government is scheduled to introduce new legislation next year, that will include an assessment of the energy efficiency of buildings, in a response to the EU’s energy performance of buildings directive.

In a report published today, the international architects Gensler said 75% of property developers believe that the impending legislation will have a negative impact on the value of older, more energy inefficient buildings.
Guardian