Amendments to the Renters’ Rights Bill discussed on 12 May 2025 highlight growing support for the regulation of property agents (RoPA), including professional standards and mandatory qualifications, as well as increasing awareness of the market imbalance between the private rented sector (PRS) and holiday lets. Led by Lord Best and backed by senior peers, the amendments sought to push the UK Government to take faster action, referencing Propertymark’s campaign positions on both these key issues.

A new Corporate Plan for 2025 to 2028 sets out how the Welsh Revenue Authority (WRA) will expand its responsibilities and strengthen service delivery. The plan signals a step change in the WRA’s role, with implications for agents operating across the short-term lettings and tourism sectors in Wales.

Cyngor Gwynedd (Gwynedd Council) was quick to use new tax powers to raise the premium rate for second homes and short-term lets (STLs) to a rate of 150% from April 2023 and went on to be the first council to use an Article 4 direction, removing permitted development rights to change a main home into a second home or short-term holiday accommodation, in September 2024. The outcomes of implementing these new measures are being carefully watched by the housing sector.

MPs debated the regulation of short-term lets (STL) and second homes in England on 23 October 2024, and Propertymark’s briefing pack was shared with those taking part to ensure they were equipped with key statistics and vital member insight. Whilst policymaking should recognise the economic benefits of the tourism sector, there is an urgent need to create and protect a healthy and balanced property ecosystem as the UK tackles the housing and cost-of-living crises.

On 30 August 2024, the Scottish Government published a report outlining the progress of its short-term lets (STL) licensing scheme since its implementation in October 2022. Propertymark supports the introduction of STL regulation with the aim of bringing them in line with standards in the private rented sector, and we are encouraged by evidence suggesting the safety and quality of properties is beginning to improve.

HMRC is abolishing tax breaks for furnished holiday lets (FHLs) to take effect from April 2025, bringing in an extra £35 million to the exchequer in the first year. Propertymark has long called for parity between short-term and residential letting, and we welcome this move towards greater balance in the market.

The implementation of the new rules will mean property owners in the designated area must gain planning permission before changing the use of a main home into a second home or short-term holiday accommodation. Gwynedd Council will bring the Direction into effect from 1 September 2024.

Rt Hon Vaughan Gething, MS, has set out his priorities for the rest of this Senedd term, with building safety, homelessness, visitor accommodation, and planning all forming part of the programme. Radical and transformative change which matters most in people’s lives is what the Welsh Government will be concentrating on, and the First Minister is looking forward to a renewed, genuine partnership with the new UK Government to unlock opportunities across Wales.

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.

The Chancellor of the Exchequer delivered his Spring Budget on 6 March 2024, likely to be the last before a General Election. Whilst a cut in Capital Gains Tax on property transactions will be welcomed, the sector will be disappointed that key measures, such as stamp duty breaks for last time buyers, increasing mortgage availability and a suspension of the 3% stamp duty land tax premium on buy-to-let purchases have been overlooked.

A mandatory national register and a requirement for planning permission will give local authorities in England the ability to measure the impact of holiday lets in their area and to restrict the proliferation of new lets to protect access to permanent housing for local people.

Plans for statutory registration and licensing for all visitor accommodation in Wales have been announced with legislation expected to be introduced before the end of the year to address the negative impact second homes and short-term holiday lets have on the availability and affordability of housing for local people.

Responding to the Department for Culture, Media and Sport (DCMS) consultation on the registration options for a short-term lets (STLs) licensing scheme in England, Propertymark stated that any scheme should not be compulsory for local authorities if they can prove they are having no impact on private rented sector supply in their area.

The Scottish Government want to understand how they can help councils make the best use of existing housing in their area, including managing the numbers of short-term lets, and second and long-term empty homes, where these are causing local housing issues.

A Department for Culture, Media & Sport consultation has been launched looking at three high-level possible approaches to a registration scheme with detailed questions about the design.

Pressing housing questions were put to the Department of Levelling Up, Housing and Communities in an oral session in the House of Commons on Monday 20 February 2023, with the Secretary of State, Michael Gove giving some reassurance to landlords and tenants, however, the long-promised Renters’ Reform Bill is still awaited.