News and reports

A new Corporate Plan for 2025 to 2028 sets out how the Welsh Revenue Authority (WRA) will expand its responsibilities and strengthen service delivery. The plan signals a step change in the WRA’s role, with implications for agents operating across the short-term lettings and tourism sectors in Wales.

The time it takes to complete a property sale in the UK remains stubbornly high, with buyers and sellers facing delays that can cause deals to fall through and create stress. Propertymark’s Housing Insight Report demonstrates that 32% of member agents reported it takes an average of 17 weeks or more to progress from offer to acceptance to exchange.

Trust is placed in lettings and sales agents by individuals and businesses who seek expertise, knowledge and attention to detail. With that trust, however, comes risk – and that's why it's essential to consider Professional Indemnity (PI) Insurance. Gallagher, the industry-approved supplier of insurance for Propertymark, offers cover for agency businesses to help protect them from the legal costs involved should a client make a claim against them due to a mistake or incorrect advice.

US trade tariffs are shifting global auction dynamics, and UK auctioneers are being drawn into the ripple effects of international policy. While these measures are largely designed to protect US industries from Chinese competition, they’ve also had knock-on effects on transatlantic trade, complicating the movement of goods and altering buyer behaviour in ways that UK auction businesses are starting to feel. So, how can UK auctioneers respond with confidence to a changing market?

The lender has reduced its stress testing rates and adjusted how they calculate income, enabling some customers to borrow up to £35,000 more than before. This follows calls from the Financial Conduct Authority (FCA) for lenders to review their affordability tests and ensure they are not too restrictive.

Extensive revisions have been announced to the proposed Bill, which is designed to transition Scotland's buildings to cleaner heating systems and improve energy efficiency. Following consultations, including substantial input from Propertymark, the Scottish Government is now committed to developing a more balanced approach that aligns environmental objectives with economic realities.

The new logo will be exclusively available to those who take up a new Company Advantage package, signalling to prospective clients that a business has successfully achieved accreditation. In research independently conducted by YouGov, consumers overwhelmingly chose the wording that would make them want to engage and instruct.

Propertymark has called for a major shift in how fuel poverty is defined and addressed, with high energy prices and many households struggling to afford heating and electricity. In our response to the Fuel Poverty Strategy consultation from the Department for Energy Security and Net Zero (DESNZ), we advocate the move away from using Energy Performance Certificate (EPC) ratings as a key measure.

The UK Government has responded to a report on the experiences of disabled people in the housing sector, which was published by the former Levelling Up, Housing and Communities Committee in 2024. Propertymark provided evidence to the inquiry and has written to current housing minister Rushanara Ali, MP, renewing our calls for a more robust and inclusive approach within the UK’s wider housebuilding agenda.