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Housing must be high on Welsh Government's Budget agenda
Propertymark calls for fiscal policy geared towards stimulating supply in the private rented sector, boosting homeownership, and tackling the scourge of empty commercial properties that blight Welsh communities.
Heat network pilot program: a step forward
In 2021, the UK Government's Heat and Buildings Strategy outlined a commitment of £338 million for the Heat Network Transformation Programme to scale up low-carbon heat network deployment. Fast forward to 2024 and a pilot program is now rolled pilot program across Hull, Newcastle, Middlesbrough, Rochdale, and Stafford to start the reduction of reliance on traditional heating methods. It will see the zoning of areas where communal heating solutions would be most cost-effective, calling on data such as building type, size, and existing energy use.
Energy efficiency still a hot topic
Propertymark’s analysis underscored the UK Government’s Heat in Building strategy that 30% of UK emissions in 2019 came from buildings, with 17% from homes, and whilst Wales Climate Week take place, how practical it is for landlords and homeowners across the UK to reduce carbon emissions.
Auctions to help solve problem of vacant commercial properties
Regulations come into force on 2 December 2024 which will allow local authorities in England to auction off the leases of persistently empty high street shops. The UK Government states that the scheme will breathe life back into town centres and drive local growth and opportunities. Propertymark welcomes the move, but we would like to see more detail on which areas will benefit the most, how the powers will be funded, and how they will be used in practice by councils.