Latest News

Housing market continues to thrive following lockdown

29 July 2020

Propertymark's June Housing Market Report shows that one in 10 properties (10 per cent) sold for more than the original asking price as buyers compete for the successful bid on their dream home, which is the highest recorded since February 2016 where 11 per cent sold for more. Read More...

Guidance released for re-opening of housing market in Wales

28 July 2020

Today, 28 July, the Welsh Government has released guidance for the property sector and has updated its amendments to the Health Protection (Coronavirus Restrictions) (Wales) Regulations in light of the re-opening of the housing market from 27 July. Read More...

Propertymark puts forward suggestions for spring budget

Monday 10 February 2020

Suggestions have been sent to HM Treasury on new policy ideas for both estate and letting agents to be included in 2020’s Spring Budget.

HM Treasury invited interest groups, individuals and representative bodies to comment on government policy and/or suggest new policies for inclusion in the upcoming Budget.

Propertymark suggests that Government:

  • Make the retail discount for business rates available to estate agents
  • Exempt downsizers from stamp duty or give them incentives to encourage them to “right-size”
  • Raise the property value for Stamp Duty Land Tax (SDLT)
  • Abolish the three per cent surcharge on additional residential property and review landlord taxes
  • Legislate to ensure developers remedy leaseholders with onerous clauses
  • Introduce a digital logbook for every property bought and sold

Our full representation which includes comments on the impacts for the sector and revenue implications can be found below.

Spring budget representation

WHAT PROPERTYMARK IS DOING

Propertymark will continue to lobby and challenge decision-makers in the industry to make vital changes.

To view the work Propertymark has undergone when lobbying Government, view the NAEA Propertymark website below.

Lobbying