- As more and more people switch to EVs, houses with off-parking have become more expensive.
- The prices have soared by up to 33% in some regions, according to new research.
Fuel prices in the UK are touching new highs very frequently these days, putting huge pressure on the pockets of motorists. Due to this, more and more people are switching to electric vehicles (EVs) as they are more economical to drive. Additionally, they also cause significantly less pollution as compared to traditional fuel engines. However, there's a lesser-known side-effect of the switch - a rise in house prices.
According to research conducted by real estate agency Savills, the transition to EVs has led to a surge in the prices of houses with off-street parking where charging points can be installed.