Survey found that renovating poor quality houses in England could bring £135.5bn of benefits
Survey found that renovating poor quality houses in England could bring £135.5bn of benefits
The BRE report, titled “The Cost of Ignoring Poor Housing” analyses the effects of poor housing in British society. In England, around 2.4m homes are considered unsafe and unhealthy to live in. The benefits of improving poor quality houses are: energy savings for the health system, lower energy bills and pollution, increase property value, and creating job opportunities.
According to BRE, improving 65,000 homes with serious damp and mould issues would cost around £250m. If repaired, £4.8bn could be saved over 30 years. Hence, this research is targeting policy makers to raise awareness of the economic benefit which could be obtained if old residential would undergo renovation works.