Annual Report and Financial Statements for the Year Ended 31 December 2022
2021 was a year of laying the foundations and 2022 has been a year of implementation. The change delivered by the organisation could not have happened if we had not had the support and tremendous efforts of all our staff and our volunteer network and I would like to thank all those involved as we have all achieved this together, as One Propertymark.
England lags behind on utilising empty homes
Showing support for National Empty Homes Week, which runs from 27 February to 5 March, Propertymark continues lobbying on the issue of restoring thousands of empty homes in the UK, with our campaign work contributing to the Welsh Government's National Empty Homes Grant Scheme announcement.
Selling or renting a property with an automated gate
Careful consideration when sharing information with clients is paramount, and agents need to make sure they know the full facts of an automated/electric gate that are outlined in this guide, which has been produced in conjunction with the charity, Gate Safe.
Annual Housing Review of 2022 and Outlook for 2023
Propertymark reveals concerns and opportunities for the property sector and an analysis of market trends in 2022. Above all, we saw more people than ever looking to live in the private rented sector and seasonal peaks and troughs coming back, as well as a return to a buyer’s market by the end of the year that is the status-quo pre-pandemic.
Propertymark expands compliance expertise
As the leading regulator for the property sector, our team of experienced agency auditors has increased to help Propertymark members avoid the hazards that generate local authority fines worth tens of thousands of pounds.
Additional Dwelling Supplement increased in Scotland
From today, 16 December, the Scottish Government has raised the Land and Buildings Transaction Tax (LBTT) from 4% to 6% on additional properties with the aim of raising £34 million and provide opportunities for first-time buyers.
Further cost of living and business support
The Welsh Government has published its Draft Budget for 2023-2024 with the aim to build a stronger, fairer, greener Wales and outlined additional support for the commercial sector and the vulnerable.
Propertymark keeping agents compliant to avoid fines
As the leading regulator for the sector, Propertymark is launching a service called Calm about Compliance which will bring our expertise to the sector where our auditors work alongside agents at their offices.
New measures to help households reduce energy bills
The UK Government has announced a new £1bn ECO+ scheme to help insulate homes to reduce energy consumption, aimed at saving households £310 a year as well as making homes more energy efficient.
Reaffirming professional body relationships
Propertymark CEO, Nathan Emerson and Non-Executive Chair, Nicky Heathcote led a delegation to Ready Set Grow 22, the Realtor Experience staged by the National Association of Realtors in Orlando, Florida.
Autumn statement commits to help cost of living crisis
The Chancellor, Jeremy Hunt MP announced measures to restore stability to the economy, protect high-quality public services and build long-term prosperity for the UK with confirmation that the increased threshold to Stamp Duty Land Tax (SDLT) will be phased out by 31 March 2025.
Registering appliances will help with safety and savings
Statistics show at least 100 million appliances in the UK are untraceable if recalled. A campaign, launched by the Association of Manufacturers of Domestic Appliances (AMDEA), is urging homeowners, landlords and tenants to make use of their free appliance register to get important safety alerts.
Energy Price Guarantee launches in Northern Ireland
Households will see the discount automatically applied to their energy bills from 1 November, with savings for October’s energy use seen in bills from November until the Scheme ends on 31 March 2023.
Energy prices legislation introduced
The UK Government’s new Energy Prices Act has been put into law to support consumers in England, Scotland and Wales with energy costs. Households in Northern Ireland will receive a £400 discount on bills through the Northern Ireland Energy Bills Support Scheme.
Stamp Duty Land Tax cut to remain
The Chancellor, Jeremy Hunt MP, has reversed all tax cuts that were announced on 23 September 2022, however, the permanent change to property tax in England and Northern Ireland, and the reversal of the National Insurance levy increase remain.
Tax cuts to stimulate economic growth
Chancellor, Kwasi Kwarteng MP, announced a permanent cut in Stamp Duty Land Tax, scrapped the planned rise in Corporation Tax and reversed the increase in National Insurance levies.