Latest property news
Housing Insight Report: November 2024
The next few months are likely to prove busy for the sales market, with stock coming to the market and consumers showing they are keen to stay ahead of Stamp Duty threshold changes due in England and Northern Ireland in April 2025. The lettings market remains extremely challenging, with long-running issues regarding an intense lack of rental stock across the UK.
Renters’ Rights Bill moves to Report Stage
The UK Government has confirmed the Bill will proceed to the Report Stage in the House of Commons on 14 January 2025. All Members of Parliament will debate and consider amendments proposed during the committee stage in November 2024. Given Labour’s prioritisation of this legislation, the Report Stage is expected to be expedited, potentially concluding within a single day. Overall, there has generally been an agreement between all party MPs on most elements of the Bill.
Propertymark collaborates with Welsh Government on in-depth guide to building safety
A product of our ongoing and successful partnership, the extensive fact sheet helps property agents in Wales understand new rules and how they impact freeholders, leaseholders, renters, home buyers and sellers. Whilst a number of provisions under the Building Safety Act 2022 apply to Wales, the Welsh Government is establishing its own Building Safety Regime that reflects its plans to ensure the safety of residents in Wales.