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- Issue 52: Autumn 2023
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Startups selected for REACH 2024 program
Eight companies have been selected to receive investment and support from the REACH UK 2024 technology scale-up program, run by Second Century Ventures (SCV) in partnership with Propertymark and TDS. The project represents a strategic investment in high-potential companies positioned to deliver significant value across the property industry.
Propertymark agent could have saved MP from rental flats scandal
Jas Athwal, MP, has endured a weekend of backlash after reports revealed his tenants were living in flats containing black mould and an infestation of ants. It was also discovered that Mr Athwal, previously the leader of Redbridge Council who introduced the scheme, had not correctly renewed the selective licences for his properties.
Propertymark Qualifications continues to lead the sector
Data over an impressive five years reveals Propertymark Qualifications certificated over 70% of all Level 3 property agency-related qualifications regulated by Ofqual, CCEA and Qi Wales, proving their status as the premier learning provider for property professionals. 2024 will be another impressive year for the awarding body, with over 800 aspiring property professionals being awarded certificates and their new, flexible qualification is already proving popular.
Rent control repercussions
The Housing (Scotland) Bill was introduced on 26 March 2024 and Section 1 raises a key contention – a commitment to introduce rent controls decided by local authorities. As the Bill is proceeding unaltered, the Scottish Government has ignored sector feedback which outlines the new legislation could do more harm than good for prospective tenants struggling to find a place to live.