FAQs: Non-domestic private rented property: minimum energy efficiency standards for commercial property

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 second quarter of 2025 shows the commercial property sector is balancing short-term challenges with long-term opportunities, as agents report shifting confidence across sectors.

Ofgem has issued draft guidance on protections for heat network consumers, and is seeking views on the rules and requirements set out in the authorisation conditions.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.

Reforms announced are going to make it easier and cheaper for empty commercial units to be turned into hospitality venues will be introduced to support efforts to boost footfall and revitalise town centres.