News and reports

The Welsh Government’s 2026-27 Budget, which is subject to a final vote in the Senedd on 27 January 2026, includes extra support for councils, changes to business rates from April 2026 and more funding for Green Home Wales, but key opportunities were missed to support rental supply and first-time buyers.

The first phase of implementation will happen on 1 May 2026, introducing extensive reforms to the private rented sector. Letting agents play an important role in helping landlords understand and adapt to these changes, while ensuring their agency’s practices are adaptable to new legislation and remain compliant. Propertymark Industry Supplier Alan Boswell Group discusses what agencies need to do now to be prepared.

The Assured Tenancies (Private Rented Sector) (Written Statement of Terms, etc. and Information Sheet) (England) Regulations 2026 have been published in draft by the UK Government. We have engaged with the Ministry for Housing, Communities and Local Government (MHCLG) to provide feedback on the regulations, which currently fail to acknowledge common real-world scenarios, such as overseas property owners and unique arrangements for vulnerable tenants or tenants with a disability.

Many self-employed property agents and landlords are accustomed to submitting a Self-Assessment tax return annually. However, as the tax and regulatory landscape becomes increasingly complex, the risk of mistakes or missed deadlines could grow, particularly for landlords with small portfolios who must juggle compliance alongside day-to-day responsibilities.

The Sentencing Council has launched a 12-week public consultation on new sentencing guidelines for housing offences, including unlawful eviction, unlawful harassment, Houses in Multiple Occupation (HMOs) and housing standards breaches. For property agents, the proposals underline the importance of compliance, record-keeping and professional standards and present a clear opportunity to influence how the guidance is shaped.

The private rented sector (PRS) is being reshaped by changing motivations and new financial pressures, which help explain the structural changes behind shrinking stock levels, higher churn, and new expectations around compliance and profitability. For agents, these insights help develop and position services to effectively address the needs of their clients in a shifting market.

The Property Ombudsman (TPO) has issued new guidance in responding to growing concern about the prevalence of aggressive practices in the home-buying process, empowering buyers to recognise and challenge unfair practices. With complaints on the rise and increased scrutiny from redress schemes and Trading Standards, estate agents should take time to review their processes, staff training and messaging to ensure compliance.

Despite a multi-year commitment to affordable housing supply and increased investment in acquisitions and homelessness prevention, it is surprising that the Scottish Government is yet again failing to tackle the housing emergency, and the Budget misses an important opportunity to address the growing tax burden on housing. At a time of acute housing pressure, Scotland needs policies that encourage mobility and investment across all tenures.

Following the success of the Class of 25 initiative, The Propertymark Trust has opened its 2026 bursary programme, offering vital financial support to individuals working towards industry qualifications. Promoting professionalism and supporting access to education for people who would otherwise struggle to meet the costs of training, membership and assessment sits at the heart of the Trust’s work.