The professional body
for the property sector

The UK Government has confirmed the change will be part of the upcoming Future Homes Standard, to be published this autumn. Propertymark supports efforts to reduce household energy costs and improve energy efficiency in new homes but has urged Ministers to address practical implementation challenges and ensure support is in place for the UK’s 29 million existing homes.

The Act, now over 70 years old, gives business tenants a legal right to renew their leases in many circumstances — a framework that has faced growing criticism for being outdated and overly complex. Propertymark responded to the consultation, advocating for modernisation of the legislation to reflect the current needs of businesses. These initial recommendations come as part of a wider review focusing on how well the law is functioning for commercial property leases.

Chancellor Rachel Reeves, MP, delivered her first Spending Review on 11 June 2025, setting out the UK Government’s financial plans through to 2029. With major implications for the housing sector, the review includes a headline investment in social and affordable housing – the biggest such commitment in 50 years. Propertymark welcomes this clear signal that housing is a top priority. We also recognise the importance of scrutinising how this investment will be delivered in practice and what it means for agents across the property sector.