The new Board formalises the separation between Propertymark’s regulatory and representative functions, ensuring that regulation is independent, impartial and firmly focused on the public interest. This approach aligns us with best practice across other regulated professional sectors, reinforcing our long-standing commitment to high standards and accountability and strengthening professionalism, transparency and public trust across the property sector.

HM Revenue and Customs (HMRC) has issued hundreds of thousands of pounds in new fines to property agents for failures to comply with anti-money laundering (AML) regulations, reinforcing the consequences of getting compliance wrong. The latest enforcement action covers the 2025–26 reporting period and includes 170 penalties issued to estate agency businesses, totalling more than £835,000. Letting agents are also within HMRC’s supervisory scope where transactions meet the required thresholds.

Màiri McAllan MSP has written to the UK Government, warning that current rates are failing to keep pace with the cost of renting, increasing the risk of homelessness and placing additional strain on local authorities and temporary accommodation budgets. While housing policy is devolved, LHA rates remain reserved to Westminster. The current approach is unsustainable, and we are continuing to call for meaningful reform to ensure welfare support reflects real-world rental costs.

The UK housing market shows cautious resilience as buyer demand and sales volumes rise, but long transaction times and falling stock continue to limit momentum. In the rental sector, tenant demand has eased slightly, yet pressure remains intense as supply stays tight, rents continue to rise, and uncertainty unsettles landlords and tenants.

All UK sanctions designations maintained by the UK Government will be consolidated into an official list and updated in one place. This is a significant operational change for property agents, auctioneers and other regulated businesses, which should make checking clearer and more straightforward. Sanctions compliance are part of wider financial sanctions and anti-money laundering obligations, and failures can carry serious legal and reputational consequences.

Letting agents and build-to-rent (BTR) operators continue to navigate a market where demand is high, but affordability checks are increasingly complex. With more renters facing stretched budgets, irregular income patterns, or limited UK credit history, passing referencing isn’t always straightforward — even for tenants who would otherwise make excellent long-term occupants. Propertymark Industry Supplier, flatfair, explores how guarantor-backed tenancies can make a meaningful difference.

New regulations have been laid in the Scottish Parliament which, if passed, will place clearer and more time-bound duties on landlords and agents to investigate and address damp and mould in both private and social rented homes. Clear standards, realistic timescales and consistent enforcement are essential if these reforms are to improve housing conditions without reducing supply or creating unintended consequences.

Insight shows a market that remains resilient but measured, with steady new listings, slightly softer sales, and easing inflation, offering cautious optimism. While buyer conditions show signs of balance, demand in the rental market continues to outstrip supply, keeping affordability pressures firmly in focus.

The Property Ombudsman (TPO) has issued new guidance in responding to growing concern about the prevalence of aggressive practices in the home-buying process, empowering buyers to recognise and challenge unfair practices. With complaints on the rise and increased scrutiny from redress schemes and Trading Standards, estate agents should take time to review their processes, staff training and messaging to ensure compliance.

Despite a multi-year commitment to affordable housing supply and increased investment in acquisitions and homelessness prevention, it is surprising that the Scottish Government is yet again failing to tackle the housing emergency, and the Budget misses an important opportunity to address the growing tax burden on housing. At a time of acute housing pressure, Scotland needs policies that encourage mobility and investment across all tenures.

Following the success of the Class of 25 initiative, The Propertymark Trust has opened its 2026 bursary programme, offering vital financial support to individuals working towards industry qualifications. Promoting professionalism and supporting access to education for people who would otherwise struggle to meet the costs of training, membership and assessment sits at the heart of the Trust’s work.

Formal regulation marks a major shift in how these systems are overseen and how consumers are protected. For property agents, this change is important because it will affect how heat networks are operated, what information consumers must receive, and how agents advise clients and market properties connected to networks. Hundreds of thousands of homes, particularly in blocks of flats and new developments, are already connected, and their use is expected to grow as part of the UK’s decarbonisation plans.

Fresh analysis shows that there are fewer homes available in 14 Scottish local authority areas than in 2022, despite the introduction of rent control measures. Propertymark has consistently warned that restricting rents without tackling supply and costs can create unintended consequences for tenants, landlords and the agents supporting them.

The Financial Conduct Authority (FCA) has confirmed a wide-ranging review of mortgage rules to support sustainable home ownership while ensuring standards of consumer protection remain high. The reform signals positive change on the horizon for first- and last-time buyers, self-employed people, and vulnerable customers, who may have experienced limited access to borrowing under the current rules.

Propertymark has worked tirelessly to ensure members’ voices are heard, practical concerns are addressed, and reforms are workable as the UK and devolved governments have pushed ahead with major legislative changes. Long-standing challenges around supply, affordability and standards have remained firmly in focus, and we will continue to scrutinise legislation, challenge unclear proposals and provide practical guidance to support members as reforms move from policy into practice across the UK.