Propertymark has responded to the HM Treasury consultation on improving the effectiveness of the Money Laundering Regulations (MLR), drawing on member survey data to illustrate the current challenges for agents and how targeted improvements could enhance the system.

Opening the new session of Parliament, King Charles III announced more than 40 Bills the UK Government has committed to introduce, with housing and planning firmly in the spotlight. Housebuilding, renters’ rights, and leasehold reform are all on the legislative agenda, along with significant devolution of powers to local authorities.

To represent Propertymark members’ views and the property sector to ensure their voices are heard, we interpret key policy developments and lobby for change. Working with members, we research and survey to develop evidence-based arguments to campaign for policy change across the devolved nations on issues, including supply of property, tenancy management, economic crime, property taxation, enforcement, material information, and welfare reform.

KPR offers a LRA report within their inspection and repairs software to record the test results and help fulfil the owner’s legal obligations, as well as generating an additional income source for managing agents by allowing them to conduct this assessment as part of their service. The software is simple and convenient to use, with pre-set template questions ensuring nothing is overlooked. KPR also supply a full Legionella test kit, allowing anyone in the agency can conduct the report, and presents the result as a clear and professional report.

The Rt Hon Rachel Reeves made her first speech as Chancellor of the Exchequer today, 8 July 2024, emphasising three key policy pillars of stability, investment, and reform. Watched from the front row by Housing Minister Matthew Pennycook and Secretary of State for Energy Security and Net Zero Ed Miliband, she began to elaborate on Labour’s manifesto commitments on planning by announcing an immediate review of the National Planning Policy Framework (NPPF), a task force to unblock stalled developments, and making clear that Ministers will take an interventionist approach to get Britain building.

The UK General Election has returned the Labour Party to power with a parliamentary landslide, ending 14 years of Conservative government. Aiming to channel the spirit of Clement Attlee with a proactive and strategic approach to housing, the party campaigned on a manifesto that promised significant changes to planning rules, strict targets for delivery of new homes, reform of the private rented sector (PRS), long-term schemes to help young people onto the housing ladder, and local powers for councils to take over empty commercial premises.

Following the introduction of a licensing scheme in October 2022, the Scottish Government has been monitoring the impact of the legislation on consumers and the sector. Engagement with accommodation operators has resulted in improvements which allow the transfer of licences, more exemptions, and provisional licences for new properties. MSPs approved these measures on 26 June 2024.

While both sectors remain resilient, there is much that the next government can do to support buyers, renters such as improving the home buying/renting process and professionalisation of the sector via the regulation of agents. More broadly there is a need for a review of property taxes to make changes which stimulate supply and demand.

At the Propertymark AGM today, 28 June 2024, we welcomed three newly elected members of the Propertymark Board and marked the beginning of fresh Presidential terms for the ARLA Propertymark and NAEA Propertymark Advisory Panels. This year's successful Vice-Presidents were also announced and will join the presidential teams for the sales and lettings divisions.

The sale of two historic sea island forts, each auctioned for significantly more than their initial asking prices, demonstrates that sale by auction is becoming increasingly popular for all kinds of property.

Although challenges remain, key economic indicators give cause for optimism. GDP is trending upward, and inflation is edging closer to the Bank of England’s target. Member sentiment varies by sector, but there is notable positivity in the Land and Yards and Industrial sectors. Supply and demand imbalances remain, most notably in the Pubs and Restaurants sector, which continues to be impacted by changing trends.

A Propertymark webinar on 21 June 2024 gave practical advice on how agents can effectively handle anti-social behaviour (ASB) by or affecting a tenant, where to access support, and how to prepare for an eviction hearing.

In its 2023 Annual Review, The Property Ombudsman (TPO) reported that it resolved 1,663 sales disputes last year, with the main concerns arising from instructions and fees, the under-offer period, and marketing and advertising. Issues of conditional selling and buyer reservation fees were highlighted as key concerns.

Angela Rayner MP, Labour’s Shadow Housing Secretary, will lay out plans today, 20 June 2024, that the party claims will make renters better off if they win power in the General Election. Aiming to relieve cost-of-living pressure on private sector tenants, Rayner, and Shadow Chancellor Rachel Reeves MP, will pledge to crack down on unscrupulous landlords, ban no-fault evictions, and cap the amount of rent requested upfront.

The property industry urgently needs a clear strategy and strong, consistent leadership from the next UK Government. As the nation prepares to go to the polls on Thursday 4 July Propertymark has examined the manifesto promises on housing from major parties to see what is on offer to voters who care about the future of our sector.

Timothy Douglas, Head of Policy and Campaigns at Propertymark, gave evidence to the Local Government, Housing and Planning Committee in the Scottish Parliament on 18 June 2024 as part of the stage one consideration of the Housing (Scotland) Bill. Propertymark believes the Bill must be significantly amended before the Scottish Government’s policy objective to deliver safe, good quality, affordable homes for all can be achieved.