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Informed by our engagement with member agents operating in Wales, Propertymark has called on the Senedd’s Finance Committee to ensure the 2027–28 Budget addresses the real financial pressures facing property businesses and the wider housing market. We urge the Welsh Government to prioritise practical action that improves the availability and quality of homes, rather than adding costs or regulation that could reduce supply.
Propertymark has urged the Senedd’s Local Government, Housing and Planning Committee to make increasing the supply of homes its top priority. Our response to the Committee’s consultation on its future work programme sets out three priorities: delivering more homes across all tenures, sustaining a well-regulated private rented sector, and promoting professionalism and consumer confidence in property agents.
The Future Homes and Buildings Standards will introduce new minimum requirements for energy efficiency, low-carbon heating and renewable electricity in new homes and non-domestic buildings in England. For property professionals, the changes will affect the homes coming to market, the systems buyers and tenants need to understand, and the information agents may need to provide about heating, ventilation, solar panels and energy performance.
A first wave of almost £10 billion will support more than 70,000 social and affordable homes across England, with regional mayors gaining greater influence over housing investment and major planning decisions. The UK Government says future funding will prioritise Social Rent and council housebuilding as it works towards delivering the largest council housebuilding programme since the early 1980s.