Residential and commercial properties with an F or G energy rating could be deemed unlettable from no later than 2018, under the government’s 2011 Energy Act.

That’s according to property industry leaders speaking to an audience at a MIPIM (Marche International des Professionels d’Immobilier) event, who believe the industry can meet government sustainability targets – despite an economic downturn.

Are we too broke for sustainability?

The seminar – titled ‘Are we too broke for sustainability?’ – suggests if the restriction does come into play, it could impact 18 per cent (or 600,000) of all commercial properties in the UK, Property Wire reports.

As a result, landlords may have to consider implementing energy saving techniques like interior cladding or solar power in order to comply with the scheme.

The need for landlords to revamp their properties

Liz Pearce, chief executive of the British Property Federation, told Urbika the government needs to make it clear when landlords need to revamp their properties. She said:

“The property industry is doing a great deal despite the economic downturn to put its house in order. But it needs clarity from Government as to exactly when F and G rated properties will be unlettable and a clear roadmap going forward.”

“The economic woes have made things difficult but sustainability as an issue isn’t going away and faces becoming more and more business critical.”