The Impact of Section 24 on buy-to-let landlords in England
In the summer budget of 2015, Chancellor George Osbourne, announced his intention to limit the ability of landlords to claim tax relief on finance costs including mortgage fees and mortgage interest payments. Despite the significance of Section 24, it is not clear how landlords have been impacted or of their future intentions. The English PRS is in a state of flux and this research is important to identify and address the challenges.
Spotlight: A Dickensian legal process
Propertymark's monthly Housing Insight Report has identified a significant deterioration in the number of transactions progressing from offer acceptance to exchange of contracts within 12 weeks. In the first of our research spotlight series, this report looks into the reasons why the time taken to exchange contracts is elongating.
Reforming the PRS: landlord views of the Renters' Rights Bill
Labour's reworked Renters' Rights Bill is intended to replace the Renters (Reform) Bill, and whilst it, essentially remains the same, its implications may be more significant for landlords and the private rented sector (PRS). Insights into the Bill from the landlord's perspective, obtained from Propertymark letting agent members' landlords in March 2024 are still prevalent. Established worries remain unaddressed, and more concrete guidance is necessary.
Reforming the PRS: letting agent views of the Renters' Rights Bill
The Renters' Rights Bill has been reworked following Labour taking power in July 2024, which is intended to replace the Renters (Reform) Bill, and whilst it essentially remains the same, its implications may be more significant for the private rented sector (PRS). Research conducted with a geographically representative sample of Propertymark letting agent members provide valuable evidence that policymakers can use to help shape the Bill and inform its implementation. Established worries remain unaddressed, and more concrete guidance is necessary.
Making UK property energy efficient
Financial implications, practicality, consequences, and communication surrounding energy efficiency measures are key concerns cited in Propertymark’s latest report which provides recommendations to help homeowners, landlords, and tenants save money, create new jobs and fight climate change.
Leasehold and Freehold Reform: what has changed?
The Labour Government has committed to driving forward the enforcement of the Leasehold and Freehold Reform Act 2024. Propertymark has campaigned on leasehold reform since 2017, including the lack of a ban on new leaseholds, restrictions on ground rent, and no ground rent cap for existing leaseholders. This research, produced in 2023, highlights the ongoing issues and sentiments of Propertymark Member agents and is still prevalent in our campaign to drive change.
Fair rent and the right to adequate housing in the private rented sector in Wales
This report analyses the sentiment of letting agents in Wales regarding the Welsh Government’s plan to introduce fair rents. 41 per cent of agents reported that landlords had raised concerns with them about the potential fair rent legislation, indicating anxiety about the impact on their ability to provide homes in Wales.
Cost of Living (Tenant Protection) (Scotland): Letting Agent Insight, April 2023
In December 2022, we responded to a call for evidence from the Scottish Government using data from a survey of Propertymark member agents. This report is based on a follow-up survey that was open in February 2023 and looked predominantly at the impact of the extension to the temporary measures of The Cost of Living (Tenant Protection) (Scotland) Act.
Annual Housing Review of 2022 and Outlook for 2023
Propertymark reveals concerns and opportunities for the property sector and an analysis of market trends in 2022. Above all, we saw more people than ever looking to live in the private rented sector and seasonal peaks and troughs coming back, as well as a return to a buyer’s market by the end of the year that is the status-quo pre-pandemic.
Cost of Living (Tenant Protection) (Scotland): Letting Agent Insight, December 2022
The Cost of Living (Tenant Protection) (Scotland) Act 2022 came into force on 28 October 2022 and introduced temporarily restrictions on landlords from increasing the amount of rent they can charge and restrictions on evictions from residential tenancies.
The impact of short-term/holiday lets on UK housing
This research piece presents an updated picture of the current market for short-term lets (STLs), looks at the broader costs/benefits to our communities, and potential solutions that could maximise the benefits while minimising the drawbacks as seen by property agents.
Renting with pets survey reveals extent of damage costs to landlords
An online survey showed that pet damage is extremely common in properties where landlords rent to tenants with pets and the costs are difficult to recoup. With the demand for pet-friendly homes continuing to increase, the UK Government must now understand the costs for landlords and implement rules that support the sector.
A shrinking private rented sector
Research reveals the full extent of landlords’ exit from the PRS (private rented sector) indicating the rate at which the sector is shrinking.
2021 Housing Review: Highest Buyer Demand in 17 Years
In our latest analytical look at the housing market, we review 2021 trends, property supply and sales using member data and statistics. The year began with an average availability of 38 homes for sale per branch. This dramatically decreased over the course of the year.
Lagging behind: energy efficiency in low-viability properties
This report raises concerns over the affordability of retrofitting properties and highlights that residents in the North of England will be the hardest hit. Failure to factor in huge regional variations in property costs when incentivising homeowners and landlords to meet national net zero targets risks deepening economic inequality.
The impact of short-term lets
Nearly half a million properties could be left unavailable for residents looking to rent in the private rented sector. More landlords are exiting the market and moving into short-term lets due to the raft of legislative changes they have to face.