A consultation has been launched on Improving the Energy Performance of Privately Rented Homes in England and Wales by 2030, following on from the 2020 consultation, that will set new proposals whilst providing a government response to the previous consultation. At the same time, a Review of the Fuel Poverty Strategy consultation has opened to ensure warmer and safer homes for low-income and vulnerable households is a priority.

The most recent compliance and registration penalties published by HM Revenue and Customs reveal 144 agents sanctioned between October and December 2023. Most fines were for failing to register at the required time, and the amounts ranged from £1,250 to £52,000. However, the largest fine on the list is for a High Value Dealer ordered to pay £175,701 for multiple failures in carrying out risk assessments, having the correct policies, controls and procedures, appropriate staff training, conducting due diligence, and record keeping.

Recent developments concerning the company Tri Fire and one of its assessors have raised significant concerns over the validity of the EWS1 forms they have issued. Major banks are refusing to lend on properties assessed by Tri Fire, potentially causing delays or halts in property sales and remortgages.

In our response to Westminster City Council’s consultation on the renewal and potential expansion of a requirement for planning permission to erect sales and lettings boards, we argue that our members’ high professional standards mean they should be left out of the plans. Propertymark recognises the need to protect Westminster’s aesthetic appeal but cautions against measures that could disproportionately impact responsible property agents.

The UK Government has taken decisive action following the discovery of widespread quality issues with energy efficiency work carried out under the Energy Company Obligation 4 and the Great British Insulation Scheme. Routine inspections by TrustMark, the independent body overseeing tradespeople working in homes, have led to the immediate suspension of 39 businesses from installing new solid wall insulation.

The Propertymark Trust has launched a programme of financial support offering grants covering up to 100% of the costs for a Propertymark Qualifications Level 3 (SCQF L6 in Scotland) Certificate in Property Agency, helping learners take a step toward professional growth and helping to shape the future of the property industry.

HM Revenue and Customs (HMRC) has seen a spike in Stamp Duty Land Tax (SDLT) repayment requests where it’s claimed a property is not suitable for use (NSFU) as a dwelling so the lower, non-residential rates of SDLT apply. However, over 95% of NSFU claims are found to fall well below the required threshold, leaving property owners at risk of penalties.

In our consultation response, we urged the Welsh Government to reconsider plans to scrap the tax relief, citing the potential for loss of homes and the disproportionate impact on vulnerable tenants. Welsh Finance Secretary Mark Drakeford, MS, has now confirmed that The Land Transaction Tax (Modification of Relief for Acquisitions Involving Multiple Dwellings) (Wales) Regulations 2025, which will take effect on 7 February 2025, will change the rules for tax relief but not abolish it.

A recent auction has sent waves of excitement through the world of memorabilia collectors, with items from the legendary British comedian Eric Morecambe achieving record-breaking prices and highlighting the pivotal role of professional auctioneers in accurately valuing, presenting and selling these unique cultural artefacts.

August tends to be one of the quieter months in the auction calendar, however September’s figures demonstrated an extremely positive response, with a nearly 10% increase in lots offered and sold across the UK. As the economy continues to stabilise, it is fantastic to see members report strong demand and growth in performance.

Trading in ivory from the common hippopotamus, killer whale, narwhal and sperm whale will now be banned under The Ivory Act 2018 (Meaning of “Ivory” and Miscellaneous Amendments) Regulations 2025. The new legislation was originally laid in parliament in May 2023, under the previous UK Government, but implementation has been delayed due to a lack of parliamentary time.

2024 marked a remarkable year for Propertymark, as the organisation made significant strides in raising its profile, engaging stakeholders, and shaping policy discussions. This year’s achievements are a testament to the collective efforts of our team, members, and partners. Together, we have raised the bar, set new benchmarks and solidified our position as the leading voice in the property industry.

The UK Government has unveiled plans to reform the Energy Performance of Buildings (EPB) framework in England and Wales, with sweeping changes to the way Energy Performance Certificates (EPCs) are structured, used, and valued. Both commercial and residential agents, landlords, and property owners will need to renew their EPCs more often, and some exemptions, for example for heritage properties, may no longer apply.

The Rt Hon. Sir Kier Starmer, MP, announced his Plan for Change: Milestones for mission-led government in a high-profile, tone-setting speech on 5 December 2024. Drawing attention to the fact that housing starts and permissions are at their lowest for a decade, the Prime Minister insisted that the housing crisis will not be solved without approving controversial developments. However, with no new detail about how the targets will be achieved, the housing sector is left guessing.

Cabinet Secretary for Finance and Local Government Shona Robison, MSP, announced a Budget which, she said would deliver on the priorities of the people of Scotland despite persistent financial pressures. However, her measures do little to address the ongoing housing crisis, and a decision to increase the Additional Dwelling Supplement will discourage new landlords from entering the sector.