More ambitious plans are needed to provide essential housing
The Northern Ireland Executive’s draft Programme for Government identifies providing access to affordable, sustainable, and quality housing as an immediate priority and acknowledges the pressing need for action. Propertymark supports this aim and has made specific recommendations to accelerate progress.
Housing Insight Report: September 2024
The announcement of Stamp Duty rises in England and Northern Ireland from April 2025 will likely push more people to the market in hopes of completing to, in some cases, save thousands on their next home purchase. Howevefr, tightened purse strings are being seen across the whole private rented sector.
Auctions are a buyer's friend in the dash to avoid Stamp Duty increases
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.
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.
Making identity proofing easier, cheaper and more secure
The Data (Use and Access) Bill was introduced to Parliament on 23 October 2024. It lays out the legal framework for Digital Verification Services (DVS) in the UK, which are long-awaited tools to speed up property purchases, reduce fraud and improve the experience of home buying and selling.
Issue 57: Winter 2024
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.
What the Employment Rights Bill could mean for property agents
The UK Government introduced the Bill to Parliament on 10 October 2024, proposing significant changes to workers' rights and employer obligations across everything from sick pay to trade union membership. Described as the biggest upgrade to employment rights for a generation, the legislation aims to help create secure economic growth, provide better support for businesses, and raise living standards across the UK.
Autumn Budget 2024: Tax changes that impact the property sector
The proposed tax changes and spending increases laid out by the Chancellor are expected to have a multifaceted impact on the UK economy. It is important to note that the long-term economic impact of these measures will depend on various factors, including the effectiveness of implementation, the response of businesses and consumers, and broader, economic conditions.
Propertymark members benefit from inflation-busting fee freeze for the third year running
With membership at an all-time high, we are delighted to extend our support to thousands of colleagues across the industry by locking in our membership fee at 2022 rates for another 12 months. We have worked hard to mitigate the impacts of challenging economic conditions for our members and are proud to offer a robust membership package that delivers tangible benefits across the entire sector.
Budget aims to unlock housing with investment in affordable homes
The UK’s first female Chancellor of the Exchequer, Rachel Reeves, MP, delivered the first Labour Budget for 14 years on 30 October 2024, announcing tax increases worth £40 billion. Whilst agents will be relieved not to see a hike in Capital Gains rates, it is disappointing that the reversal of Section 24 and support for property owners to meet Minimum Energy Efficiency Standards have been overlooked. It is also a missed opportunity to give structured support to first-time buyers and downsizers to boost consumer confidence.
Phil Spencer backs Propertymark's call for Stamp Duty reform
The property expert and MoveiQ founder has agreed with the proposals we submitted in our Autumn Budget representation. This Budget offers Chancellor Rachel Reeves MP a real opportunity to promote much-needed progress in the sector. Her decisions regarding SDLT reform, support for first-time buyers and energy efficiency, and the clarity she provides on landlord taxation, will be crucial in determining the future direction of the UK housing market.
REACH UK: ambitious proptech startups invited to join 2025 cohort
Since its launch, REACH UK has successfully run four programs, providing startups with unparalleled access to the real estate industry. Backed by strategic investment and partnerships with Propertymark and TDS, the 2025 program continues to offer high-impact support and industry connections, empowering startups to scale and driving innovation in real estate and adjacent sectors.
Economic Crime Act: new guidance for agents on information sharing
The Department for Business and Trade (DBT) has published in-depth advice for anti-money laundering (AML) regulated firms to explain the legal protections around sharing client data. The Economic Crime and Corporate Transparency (ECCT) Act 2023 introduced provisions that allow businesses to tackle AML by voluntarily sharing and receiving information, however, agents have raised concerns that they may be liable for breaches of confidentiality.
Protect your business from risks of underinsurance
Inadequate or insufficient insurance cover may result in serious financial loss and can affect organisations of any size. Underinsurance can have potentially serious consequences for a business when they make a claim. Gallagher, Propertymark’s official insurance broking partner, offers advice on the potential impacts and how to avoid them.
Autumn Budget 2024: strengthening housing markets whilst boosting energy efficiency
Propertymark has prepared deliverable and achievable spending commitments that will increase the supply of privately rented accommodation, boost owner-occupation, and support landlords and homeowners decarbonise properties. Our proposals include Stamp Duty Land Tax (SDLT) reform to encourage last-time buyers to downsize, reversing Section 24 of the Finance Act, and interest-free energy-efficiency loans.
Self-assessment tax returns up-to-date guidance
For many property agents, self-assessment tax returns are the norm. Created in 1996, self-assessment has streamlined tax collection for those with untaxed income who declare and pay tax on it and has evolved into an online mechanism for digital tax returns.