Property industry news

Propertymark’s response to the Department for Energy Security and Net Zero (DESNZ) consultation sets out a clear and urgent case for reform of the scheme, which provides financial support for households in England and Wales to install low-carbon heating systems like heat pumps or biomass boilers. A more ambitious scope is needed to help overcome the barriers landlords face in meeting the UK Government’s energy efficiency ambitions — especially the proposed Minimum Energy Efficiency Standard (MEES) of EPC C for new tenancies by 2028.

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a legal right to renew their leases in many circumstances — a framework that has faced growing criticism for being outdated and overly complex.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.

2024 was a year defined by strategic investment, enhanced member support, and strong financial performance. Despite a challenging economic landscape, we held membership fees and Client Money Protection levies at 2022 levels for a third consecutive year, while growing membership by 4.3% to 18,711.

Proposals published for consultation state that all private rented sector (PRS) homes must meet a minimum standard based on a reformed Energy Performance Certificate (EPC) by the end of 2033, with new tenancies expected to comply from 2028. Propertymark welcomes the intention to improve energy efficiency across the housing stock, but we remain concerned about the potential burden on landlords and the capacity of the sector to meet these new obligations

The Energy Security and Next Zero Committee (ESNZC) has published its first inquiry report on retrofitting homes, concluding that at the present rate of progress, the UK is far off track for meeting its legally binding commitment to reach net zero by 2050. Around 29 million homes require upgrades, but support schemes are too complicated, short-term, and are failing to engage consumers and the supply chain.

The funding, delivered through the Land Division, will support 17 projects aimed at addressing housing need and creating stronger communities. Propertymark has consistently called for greater collaboration between devolved governments and the private sector to support housing delivery. This latest announcement reflects similar calls raised in our reports on planning reform and housing supply.

The modern rental property is working harder than ever, with millions of people adopting remote or hybrid work patterns in the last five years and spending more time at home. This increased usage isn’t unreasonable: it’s reality. But under current rules, tenants are being penalised for “damage” that’s normal use, whilst landlords are absorbing more frequent replacement costs. Propertymark emphasises the importance of understanding fair wear and tear and applying it appropriately to avoid misunderstanding, confusion, and disputes.

A fragmented and inconsistent approach to enforcement in the private rented sector (PRS) is letting residents down and highlighting the crucial role of responsible lettings agents in providing accurate advice and ensuring properties are safe and compliant. Research commissioned by the TDS Charitable Foundation concludes poor coordination between local authorities and other bodies allows rogue operators to slip through the net, leaving tenants vulnerable.

The global venture arm of the National Association of Realtors has selected eight high-growth start-ups for its 2025 REACH UK scale-up programme. Tackling critical challenges across the property sector - from late rent and retrofit finance to water use, waste and leasing inefficiencies, the companies represent the next wave of innovation set to modernise housing, lettings, finance, and sustainability. Delivered in collaboration with Propertymark and TDS Group, the programme provides a tailored pathway to growth through industry access, investment, and targeted support.

Backed by £17 million in UK Government funding, the strategy will refurbish empty homes, expand support hubs and offer help before people are forced onto the streets. Propertymark supports a shift from crisis response to early intervention. We campaign for local authorities to prioritise a housing-led approach and increasing engagement with our members, who are well placed to help identify at-risk tenants and support local efforts to improve access to the private rented sector (PRS).