Latest property news
Crisis funding cannot close the Local Housing Allowance gap
Propertymark has written to Baroness Sherlock, OBE, Minister of State at the Department for Work and Pensions (DWP), calling for action to ensure housing support matches real rents, following her statement that local authority Crisis and Resilience Fund housing payments are available to private tenants who cannot meet their rent. The Fund is a welcome safety net for people facing short-term financial difficulties; however, one-off crisis payments cannot replace adequate levels of Local Housing Allowance to meet ongoing rental costs.
Rent controls treat the symptom, not the housing shortage
Rent pressures are real, but controlling the price of a scarce product does not create more of it. Rent controls can protect some tenants in the short term, but they do not address the shortage of homes that drives high rents. They can also weaken investment, reduce the number of properties available and make it harder for people seeking a new tenancy to find a suitable home. Evidence from schemes implemented around the world backs Propertymark’s opposition to rent controls and work to challenge and reshape the policy in Scotland.
Tips to prevent and prepare for cyber attacks
Cyber crime incidents can impact property businesses of all sizes. A lack of cyber security can leave firms vulnerable to substantial losses and the impact can be huge and long lasting. Even using third-party hosting companies or sites doesn't remove the risk of exposure to crime and subsequent liabilities. Propertymark industry supplier, Gallagher, explains the steps property agents can take to prevent and manage risk.