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- Issue 54: Spring 2024
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Elected Board members and division Vice-Presidents announced
At the Propertymark AGM today, 28 June 2024, we welcomed three newly elected members of the Propertymark Board and marked the beginning of fresh Presidential terms for the ARLA Propertymark and NAEA Propertymark Advisory Panels. This year's successful Vice-Presidents were also announced and will join the presidential teams for the sales and lettings divisions.
Commercial Outlook Q1 2024
Although challenges remain, key economic indicators give cause for optimism. GDP is trending upward, and inflation is edging closer to the Bank of England’s target. Member sentiment varies by sector, but there is notable positivity in the Land and Yards and Industrial sectors. Supply and demand imbalances remain, most notably in the Pubs and Restaurants sector, which continues to be impacted by changing trends.
New, flexible modular property qualification will help grow careers
A brand new Propertymark Qualifications Level 3 (Level 6 SCQF) Certificate in Property Agency was opened for registrations on 14 June 2024 at Propertymark One. This revolutionary new qualification is, for the first time, modular-based, enabling learners to personalise their units relating to specialisms and location with the ability to complete extra units to gain wider sector expertise.
Propertymark enters a new era with launch of Propertymark Protection Company Membership
This decade has presented a near total transformation of the property sector with reduced confidence and supply, economic and interest rate uncertainty, dramatic changes in the conduct of consumers, new expectations among the workforce and the introduction of AI, the consequences of which are still being understood. As the only professional body dedicated to supporting sales, lettings, commercial agents, and auctioneers, Propertymark has reassessed not only the services we offer, but the whole structure of membership.