New data from the property website, Rightmove, has revealed the number of homes listed for sale across Great Britain with an electric car charging point installed on the premises, or in a nearby street, has increased six-fold compared to this time last year (+541%).
The study’s findings
Looking at the total number of properties added to Rightmove for sale that include a mention of electric car charging points, a third of them have been added since the beginning of September. Agents also report that more buyers are enquiring about electric car charging points in homes for sale.
The study examined the number of properties for sale that mention an electric car charging point in the property description to potential buyers. This excluded new build homes to determine the uplift in older homes having charging points installed or available nearby.
What’s behind the rise?
The significant surge is likely being driven by a combination of homeowners upgrading their properties with electric charging points before selling, the nationwide fuel shortage, increasing numbers of public charging points being installed across Great Britain, and more agents highlighting charging points in listings for prospective buyers.
Tim Bannister, Rightmove’s property expert, commented: “This week, concerns about the environment are rightly front and centre of the headlines, and this study is an interesting example of how growing awareness about the environment and energy efficiency can impact the property market.”
Bannister continued: “The number of electric vehicle charging points is continuing to rise, and in turn, we’re hearing from agents that potential buyers are increasingly adding access to a charging point to their list when choosing the right home. Alongside the energy performance of a home, we anticipate electric car charging points will become more important for buyers over the next few years, and will be an additional selling point for movers listing their home.”
Charlie Gladding, senior consultant at Peter Joy Estate Agents, said: “Stroud has a reputation for being environmentally aware and it’s something we’re certainly hearing more about from both buyers and sellers. Not only are people more enthusiastic about energy efficiency upgrades, but the fact they are acting and having them installed means people are more conscious of ‘futureproofing’ their home.”
Gladding concluded: “With COP26, our carbon footprint, and climate change in general, more people are certainly aware of their actions, and enquiries about whether electric car chargers are installed, or it is possible to install them will be a theme that consistently grows into conversations over the next couple of years”.