Latest News

Land Transaction Tax (LTT) nil rate band extended

04 March 2021

On 3 March 2021, the Welsh Government announced that the temporary increase to the nil rate band of LTT for residential property transactions will be extended to 30 June 2021. Read More...

Campaign leads to extended Stamp Duty holiday

03 March 2021

The Chancellor has listened to Propertymark’s calls to avoid a cliff-edge deadline to the Stamp Duty Land Tax holiday in the UK Government’s budget, today, 3 March 2021. The nil rate band up to £500,000 will end on 30 June, instead of March. A transitional nil rate band up to £250,000 will be in place until the end of September and then return to £125,000 from October, with first-time buyers continuing not to pay stamp duty on properties up to £300,000. Read More...

Estate agents lose over £4,000 for every property sale that falls through

25 February 2021

Research carried out by Propertymark over the last year found an average of 17 property sales fell through, with 42 per cent of respondents saying failed sales are a significant problem for businesses. Read More...

 

Alert level four restrictions remain for Wales

Friday 29 January 2021

On Friday 29 January 2021, Mark Drakeford, the First Minister confirmed the alert level four lockdown restrictions will remain in place in Wales for the next three weeks. This means no changes to the existing rules on house moves and related activity.

According to the Welsh Government, rates of coronavirus across Wales have fallen below 200 cases per 100,000 people for the first time since early November. To this end, two small changes have been made to the current alert level 4 restrictions:

  • A maximum of two people from different households will be able to exercise outdoors together, as long as they maintain social distancing. This must involve exercise starting from and finishing from home – driving for exercise to beauty spots should still not take place.
  • If a support bubble arrangement has broken down, a new one can be formed as long as there is gap of 10 days before doing so.

These changes will come into effect on Saturday 30 January 2021.

Quote mark

We’ve seen a really welcome fall in cases of the virus all over Wales, but they are still too high and the NHS continues to be under intense pressure.

We need to keep the lockdown restrictions in place for a little while longer to help us bring rates of the virus down further.

Mark Drakeford, First Minister of Wales

Until the regulations are reviewed again, it is essential that agents continue to take all necessary steps to reduce the spread of the virus and work in accordance with the guidelines.

Housing sector guidance

Risk assessments

Estate agents, new build sales offices, letting agents, and landlord premises must be closed to the public. Premises can, remain open to staff, and where this is the case guidance on maintaining social distancing in the workplace must be complied with

As set out in the Coronavirus Regulations, agents are reminded that employers who employ five or more people must carry out a risk assessment of their work premises and record the significant findings of the assessment and any group of employees identified as being especially at risk.

Minimising risk guidance