Latest property news
Reeves explores innovative overhaul of anti-aspirational property taxes
As the property industry waits for the publication of the UK Governmentâs Housing Strategy, reports suggest that the Treasury is busy considering a proposal to replace Stamp Duty Land Tax (SDLT) with a new national property tax applied to owner occupied homes sold for more than £500,000. This would place the tax burden on sellers instead of buyers - a seismic shift - although it would not apply to second homes.
Proposed licensing schemes risk duplication and higher costs for compliant landlords
Hackney Council is consulting on plans to introduce two new five-year licensing schemes in the private rented sector (PRS) from early 2026, arguing that they will improve standards. Propertymark supports the aim of raising housing standards, but we strongly urge Hackney and other local authorities to rethink their approach. A healthy PRS is fundamental to meeting growing housing demand, and under-resourced licensing schemes too often end up penalising good landlords and agents while allowing poor practice to persist.
8,500 islanders to benefit from greater fire safety protections
A consultation on the Fire Precautions (Tall Residential Buildings) (Jersey) Regulations sets out proposals from Deputy Mary Le Hegarat, the Minister for Justice and Home Affairs, to introduce mandatory fire safety requirements, directly responding to recommendations from the Grenfell Tower Inquiry Phase 1 report.