Latest property news
Propertymark outlines the importance of protecting fixed-term tenancies
During a meeting with Housing Minister, Jacob Young MP, who has responsibility for the Renters (Reform) Bill, our CEO and Head of Policy and Campaigns outlined why the retaining of fixed-term tenancies will provide security for tenants and increase flexibility in the private rented sector.
Economic Crime levy to increase after income target missed
Very large property agencies, based on their UK revenue, will see contributions to the Levy double from April 2024 after receipts for the period April 2022 to March 2023 showed a shortfall against the target of raising £100 million per year, which is used as long-term sustainable funding to tackle economic crime.
Double tax on empty homes takes effect on 1 April 2024
Homes in England with no residents will attract a council tax premium of up to 100% from next month as tax reforms aimed at supporting people in areas where empty properties prevent them from finding affordable housing come into force.