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A series of enforcement actions relating to licensing breaches, overcrowding, poor property management, and failures to comply with regulatory requirements present a cautionary tale for both agents and landlords. The Renters’ Rights Act has strengthened many of the consequences of non-compliance, whilst local authorities continue to take a firm approach and are increasingly willing to use substantial financial penalties where standards fall short.
The UK Government has used the Labour Party Conference to set out a series of significant housing and property sector reforms, including tougher action against landlords who fail to maintain their properties and confirmation that the regulation of property agents will be introduced. These plans are likely to have far-reaching implications for Propertymark members working across the sales, lettings and property management sectors.
Prime Minister Andy Burnham has proposed a new scheme to allow first-time buyers in England to purchase a new-build home with a 2.5% deposit, along with plans to let councils intervene sooner when homes stand empty, and a £210 million package to bring disused high street buildings back into use. Propertymark’s Policy and Campaigns Team is at the Labour Party conference to discuss these announcements directly with MPs and explain how members and their clients could be affected.
Hot topics we've delved into as the weather starts to cool for autumn include why the human touch is even more valuable now AI exists in all aspects of daily life and how to build a business by building an empowered team. The opportunities in our sector are great; by staying connected and working together we can shape what comes next.