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Propertymark has criticised the Scottish Government’s proposals for implementing a Building Safety Levy, stating that it is not the best way to fund the remediation of unsafe cladding, and risks cutting the supply of homes. Instead, charges should be directed to the developers and individuals responsible for installing the cladding in roughly 6,000 buildings across the country.
Choosing to sell properties by chain-free auction can avoid lengthy and uncertain buying procedures and save buyers time and money ahead of the Stamp Duty Land Tax increases in April 2025.
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.
In our final issue for 2024 we're looking to the future with an insight into our work with REACH UK to scale up prop-tech innovation to empower agents to fly high. Keeping our feet firmly on the ground, we tell you everything you need to know about subsidence (and why UK homeowners can't just live with it), and talk to Propertymark's Liz Callan about what it is she does all day.