Homeowners are rare holdouts in Europe’s rush for green debt
Green mortgages are a laggard in a market for ethical debt that has exploded to record levels.
When Jonathan Williams was looking to buy his first flat in London this year, his priorities were a garden, two bedrooms and train connections. Energy efficiency wasn’t among them, and the cost of improvements to lower his borrowing costs through a green mortgage was too much.
“It would take 100 years to pay off that investment – that just shows that a green mortgage is not really an option,” says Williams, a 33-year-old working in the transport industry.
Bloomberg Wealth
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