194 agents have incurred penalties totalling over £1 million for breaches identified by HM Revenue and Customs between October 2024 and March 2025. The vast majority are a result of failing to register for Anti-Money Laundering (AML) supervision on time – the most common reason agents are fined. This highlights how important it is for property professionals to understand the rules, apply correctly, and maintain an up-to-date registration with HMRC.

Upward-only rent reviews will be outlawed in new leases across England and Wales under the English Devolution and Community Empowerment Bill. Concerns have been raised by the sector about how this move could affect property values and investor confidence. Plus, a shift of this magnitude requires careful implementation to prevent unintended consequences for future development and commercial supply.

Our robust response to the House of Commons Foreign Affairs Committee consultation on sanctions scrutiny outlines the disparity between the sanctions and anti-money laundering (AML) regimes and underscores the necessity for clearer, more consistent regulations and stronger UK Government support for letting agents navigating complex obligations. Implementing our recommendations will bolster compliance, protect agents, and significantly reduce the risk of economic crime in the UK property sector.

All new tenancies in England will become open-ended periodic tenancies with a rent period not exceeding a month, with existing tenancies converted, too. Landlords will no longer be able to serve a Section 21 or old-style Section 8 notices to evict tenants, ending fixed-term contracts and overturning decades of rental practice.

Propertymark has welcomed Ofgem’s proposals to improve transparency and implement fair pricing protections for heat network customers, but warns that implementation must consider the operational realities of managing agents and ensure true consumer fairness.

A record £7.9 billion has been committed over ten years to protect hundreds of thousands of homes, small businesses, and vital infrastructure from the growing threat of flooding. From high-performance flood barriers to nature-based solutions like wetland restoration, the programme will deliver long-term protection for communities and strengthen local economies, delivering on the UK Government’s Plan for Change.

The House of Lords has backed a series of amendments to the Renters’ Rights Bill, delivering key wins for Propertymark’s campaigning to create a fair, practical and professional private rented sector. Among the positive changes passed were pet damage deposits, expanded student tenancy protections, mandatory post-legislative reviews, and a new measure enabling Primary Authority assured advice for letting agents under the Tenant Fees Act.

The proposals included will apply to both the social and private rented sectors in England so that all homes are free from damp, mould, and other hazards. The consultation, launched on 2 July 2025, also covers how local authorities would enforce the new standard and includes a proposal that it becomes an enforceable requirement in privately rented homes from 2035 or 2037.

The UK Government has unveiled major initiatives in its Modern Industrial Strategy that will significantly influence the housing supply and overall property market, signalling huge opportunities and implications for our members. Proper consultation and partnership will be key to delivering genuine benefits, and we remain committed to providing representation to ensure the best outcomes for agents and the wider property market.

We were delighted to welcome members from across the UK and internationally to our interactive digital AGM, which gave members a chance to hear updates on key issues from our Chair, CEO, and Head of Finance, along with the opportunity to ask questions. We also marked the beginning of fresh Presidential terms for the ARLA Propertymark and NAEA Propertymark Advisory Panels and announced this year's successful Vice-Presidents, who now join the presidential teams for the sales and lettings divisions.

Police have called on auctioneers and high-value dealers to help recover four historic bronze statues stolen from the grounds of Iford Manor in Wiltshire during the night of 19 June 2025. This incident highlights the continued vulnerability of heritage assets and the crucial role that auctioneers and agents can play in preventing the circulation of stolen goods.

The Data (Use and Access) Act 2025 officially became law on 19 June, marking the biggest update to the UK’s digital data laws since Brexit. The Act amends — but does not replace — the UK GDPR, the Data Protection Act 2018, and the Privacy and Electronic Communications Regulations (PECR). For Propertymark members, the new law presents a golden opportunity to streamline processes and embrace innovation, all while continuing to protect people’s personal data.

The Ministry for Housing, Communities and Local Government (MHCLG) has launched a technical consultation on reforming planning committees in England. The proposals could lead to significant changes in how planning decisions are made locally. Propertymark has responded on behalf of our members to ensure the voice of the property sector is heard, and we also encourage individuals to add their views.

The UK’s largest multi-disciplinary conference for property professionals was hosted at ExCeL London on Friday 13 June, with attendees from the whole spectrum of property disciplines. The energy, insight, and enthusiasm throughout the day reaffirmed Propertymark’s role at the heart of the industry.

With rising enforcement by HMRC and an increase in consumer complaints to The Property Ombudsman (TPO), the risks to property businesses from non-compliance are growing fast. At the same time, complexity and the pace of change are escalating; rules around financial sanctions reporting, material information, and unfair commercial practices have shifted in recent weeks, and for the lettings sector, the implementation of the Renters’ Rights Bill is rapidly approaching.

The Propertymark Commercial Outlook Q1 2025 reveals a resilient commercial property sector navigating economic uncertainty with cautious optimism. While inflation remains above target and lending challenges persist, strong confidence continues in the Industrial and Class E sectors.