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The UK Government intends to begin a regional rollout of a Private Rented Sector (PRS) Database in England from late 2026. Its legal framework is already in the Renters’ Rights Act 2025; but questions remain about how the system will work, what information users must provide, and how much time agents and landlords will have to prepare. The final design must reflect how agencies operate to avoid adding a significant new layer of data entry, checks, and liability to every instruction.
Legislation is being prepared that could reshape the private rented sector in Wales. Propertymark is already engaging with Welsh Government Ministers and officials to ensure that new duties are proportionate, evidence-based, and achievable for agents.
The property market remains an attractive target for money laundering because of the value of property assets and the ability to hide ownership through companies, trusts, and overseas structures. An estimated £6.7 billion of UK property was bought with wealth suspected to have come from questionable sources between 2016 and 2022 — yet the National Crime Agency (NCA) reports that the volume of SARs from the property sector remains low.
Landlords and letting agents in Northern Ireland could soon face new requirements to strengthen the Scheme as an enforcement tool; however, the success will depend on clear implementation. Also, agents need certainty about their role, landlords need a straightforward process, and both require confidence that data will be used responsibly.