Latest property news
High Value Council Tax Surcharge concerns raised
Responding to the UK Government’s consultation, our primary concern is the practicality of identifying and valuing properties that would be subject to the High Value Council Tax Surcharge (HVCTS). Many high-value homes have not been sold for several years, meaning accurate valuations cannot be based solely on online estimates or market appraisals.
Replacing sold social homes is vital
Propertymark has responded to the Northern Ireland Housing Executive's consultation on proposed changes to the House Sales Scheme. Whilst reforming the scheme is the right approach, we urge the Housing Executive to protect social housing supply while maintaining opportunities for home ownership.
Soaring landlord departures masked by growth of build-to-rent
More than 834,000 homes have left the UK private rented sector over the past decade, but a rise in new listings—driven partly by Build to Rent—means that rental supply is currently at its highest level for seven years. Professional agents play a crucial role in helping landlords understand their obligations, adapt to regulatory change, and operate successfully. Supporting responsible landlords to remain in the market is vital if tenants are to have access to an adequate choice of safe, affordable, and suitable homes.