Just days after launch, Connect is already creating new business opportunities for members, with more than 2,000 registered users on the platform. Propertymark’s exclusive referral and lead-generation platform enables members to send and receive referrals, valuation requests and instructions through a trusted network of qualified property professionals across the UK and internationally.

The UK Government has ended the Furnished Holiday Lettings (FHL) rules. Since 6 April 2025, all holiday lets are taxed in the same way as normal rental income. This applies across the whole UK and affects anyone running a holiday let, Airbnb-style rental, cottage, annexe, or other short-stay property.

Property auctions can offer speed, certainty and access to properties that may not be available through the traditional sales market. However, analysis of complaint data from The Property Ombudsman (TPO) shows that consumer understanding cannot be left to chance. The findings suggest that consumers are entering the process without appreciating the risks, timescales, fees, or the point at which they become legally or financially committed.

Centre for London has called for a Proportional Property Tax as part of a wider plan to tackle London’s housing crisis. The city not only needs more homes, but also a better way to use, fund, and distribute the homes it already has. Although the report focuses on the capital, many of the pressures it identifies are felt across the UK, including a shortage of social housing, high moving costs, a lack of suitable homes for older people, and barriers to new development.

Launching on 1 June 2026, Connect, a bespoke online platform, links agents through a trusted professional network, helping them send and receive referrals, valuation requests, and instructions across the UK and internationally. Sign up to win more business, create additional income opportunities, and deliver a better service – especially when clients are moving further afield.

Scotland’s visitor levy framework has been expanded after the Visitor Levy (Amendment) (Scotland) Act received Royal Assent on 21 May 2026, giving councils greater flexibility over how tourist taxes can be charged.

Voting opened on 21 May 2026 for members to elect a Propertymark Board Director and the next Vice Presidents for our sales and lettings divisions. By taking part, members help influence how the profession is represented, shape the professional body's future priorities, and strengthen the credibility of member-led representation.

This has been a year of real momentum for Propertymark. In a fast-moving and often challenging market for our members and oursleves, we have continued to strengthen our position as the UK’s leading professional body for property agents - investing in our members, raising standards, and ensuring our voice is heard where it matters most.

The UK Government has set out further reforms across housing, communities, and local government. Proposals affect leasehold, building safety, social housing, local authority standards, and tourism levies, all of which could impact local housing markets and influence the way councils, owners, agents and residents interact.

The Renters’ Rights Act came into force on 1 May 2026. Much of the coverage has focused on the big, visible changes: the end of Section 21, the shift to periodic tenancies, and the ban on rental bidding wars. These are significant, but they are not, on their own, what will squeeze landlord margin. Propertymark Industry Supplier, Homebox, explains the potential impact of the less headline-grabbing changes in the legislation.

Propertymark has highlighted the challenges property agents face when identifying the hidden influence of Designated Persons in transactions. The Office for Financial Sanctions Implementation (OFSI) is examining how the rules are applied in practice, and we’ve been clear that whilst agents are committed to preventing financial crime, the current expectations are often difficult to meet.

With the Scottish Parliament election approaching on 7 May 2026, all major political parties have set out their housing priorities. The next Scottish Government will need to strike a careful balance between improving standards and maintaining supply. Policies that focus too heavily on regulation risk reducing investment, while those that prioritise supply must still ensure quality and consumer protection.

Transactions are taking longer than at any point in recent years, creating uncertainty for consumers and placing additional pressure on property agents working to keep chains together. Although market activity is showing some resilience, movers are facing waits of up to 17 weeks to exchange, exposing ongoing inefficiencies in the system.

The housing market shows steady activity, ongoing challenges with sales agreed rising slightly and stock levels stable, while affordability pressures and longer transaction times continue to strain buyers and sellers. Demand is strong in the rental sector, with significant competition among tenants despite only a modest increase in available properties. Rents have remained relatively stable month to month.