PRIVATE RENTED SECTOR REPORT FOR JULY: Rent prices rose to a new record high for the third consecutive month in July. The demand from prospective renters also rose last month but the number of properties under management fell.

MHCLG have released a report of the recommendations of the Regulation of Property Agents Working Group (RoPA). Housing Minister, Heather Wheeler MP, set up the group in October 2018 to examine several key industry issues including regulation and qualification. The working group has now proposed a new regulatory framework to cover sales agents across the UK—including auctioneers and letting agents in England. Propertymark has long called for Government regulation to ensure everyone in the industry is licensed, adheres to a strict code of practice and holds an industry qualification equivalent to an A-level. RoPA offers huge potential for the professionalisation of the sector and to stamp out bad practice.

Propertymark Inspire, a development programme exclusively for Principals, partners and directors who are in membership of NAEA Propertymark or ARLA Propertymark. Propertymark Inspire has been developed by members, for members to provide practical support to meet the challenges facing independent agents including reduced stock, increased supplier costs, compliance with complex legislation and tech disruptors.

PRIVATE RENTED SECTOR REPORT FOR JULY: Rent prices rose to a new record high for the third consecutive month in July. The demand from prospective renters also rose last month but the number of properties under management fell.

MHCLG have released a report of the recommendations of the Regulation of Property Agents Working Group (RoPA). Housing Minister, Heather Wheeler MP, set up the group in October 2018 to examine several key industry issues including regulation and qualification. The working group has now proposed a new regulatory framework to cover sales agents across the UK—including auctioneers and letting agents in England. Propertymark has long called for Government regulation to ensure everyone in the industry is licensed, adheres to a strict code of practice and holds an industry qualification equivalent to an A-level. RoPA offers huge potential for the professionalisation of the sector and to stamp out bad practice.

Propertymark Inspire, a development programme exclusively for Principals, partners and directors who are in membership of NAEA Propertymark or ARLA Propertymark. Propertymark Inspire has been developed by members, for members to provide practical support to meet the challenges facing independent agents including reduced stock, increased supplier costs, compliance with complex legislation and tech disruptors.