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Propertymark has written to Baroness Sherlock, OBE, Minister of State at the Department for Work and Pensions (DWP), calling for action to ensure housing support matches real rents, following her statement that local authority Crisis and Resilience Fund housing payments are available to private tenants who cannot meet their rent. The Fund is a welcome safety net for people facing short-term financial difficulties; however, one-off crisis payments cannot replace adequate levels of Local Housing Allowance to meet ongoing rental costs.
Rent pressures are real, but controlling the price of a scarce product does not create more of it. Rent controls can protect some tenants in the short term, but they do not address the shortage of homes that drives high rents. They can also weaken investment, reduce the number of properties available and make it harder for people seeking a new tenancy to find a suitable home. Evidence from schemes implemented around the world backs Propertymark’s opposition to rent controls and work to challenge and reshape the policy in Scotland.
The UK Government has taken its most significant step towards regulating property agents since the RoPA (Regulation of Property Agents) Working Group published its recommendations in 2019. Property professionals can prepare for future requirements now by gaining a recognised qualification, with financial support available through The Propertymark Trust’s Class of 26 initiative.
Building on the momentum of previous years, we stepped up in scale, ambition and impact, bringing the profession together for a high-energy day of policy insight, practical learning, networking and sector-wide debate. More than a conference, Propertymark One was a meeting point for the profession at a time when agents are navigating significant legislative, economic, and technological change.