The professional body
for the property sector

The UK Government is investing £15 billion and promises a major push to cut bills, tackle fuel poverty, and accelerate home upgrades. In response to our campaigning, the initial 2028 deadline for new tenancies has been scrapped and, with a lower cap amount, property owners will be expected to spend less on upgrades. However, we remain concerned that landlords are being asked to deliver significant change without sustained, targeted support.

The Welsh Government’s 2026-27 Budget, which is subject to a final vote in the Senedd on 27 January 2026, includes extra support for councils, changes to business rates from April 2026 and more funding for Green Home Wales, but key opportunities were missed to support rental supply and first-time buyers.

The first phase of implementation will happen on 1 May 2026, introducing extensive reforms to the private rented sector. Letting agents play an important role in helping landlords understand and adapt to these changes, while ensuring their agency’s practices are adaptable to new legislation and remain compliant. Propertymark Industry Supplier Alan Boswell Group discusses what agencies need to do now to be prepared.