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Labour’s proposal is bold in scale and ambition — it could reshape growth corridors and open up new development frontiers. But much will depend on delivery, governance and market realism. Propertymark will engage with ministers, departments and stakeholders, pushing for a transparent, accountable, and sustainable delivery model. We’ll ensure our membership’s voice is heard — especially on fairness, consumer protection, and creating high-quality places people want to call home.
Propertymark has responded to the Welsh Government’s Draft Budget for 2026–27 with a warning that without tax reform, the continued loss of landlords will deepen affordability issues for tenants and increase pressure on local authorities to house more people in the social sector. A vibrant private rented sector (PRS), alongside investment in social and affordable housing, is essential to meet demand and ensure all people in Wales have access to decent and secure homes.
The latest statistics from the Ministry of Housing, Communities and Local Government (MHCLG) reveal that supply in England continues to lag demand, with new build activity well below the level needed to reach the UK Government target of 300,000 additional homes per year. Housing Secretary, Steve Reed, MP, has vowed to ‘build, baby, build’, as he doubles down on plans for major planning reform and investment.
Ofgem has issued draft guidance on protections for heat network consumers, and is seeking views on the rules and requirements set out in the authorisation conditions. This includes obligations around billing clarity, complaint handling, and safeguards for vulnerable residents.