Latest News

Winter weather precautions

20 January 2021

Propertymark Industry Supplier, Gallagher offers practical steps that can help agents and their clients reduce the risk of damage to property as areas of the nation are set to see further warnings of more inclement weather to come. Damage caused by the escape of water from frozen pipes and other equipment can be extremely costly in repairs and disruption. Read More...

Concerns raised over new energy efficiency proposals

20 January 2021

Propertymark has responded to the UK Government’s consultation on Improving the Energy Performance of Privately Rented Homes in England and Wales by highlighting a number of concerns. These relate to affordability and the need to look beyond a one-size fits all policy and develop proposals that work with the different age, condition, and size of properties in the private rented sector. Read More...

Change smoke and carbon rules for earlier checks

19 January 2021

Propertymark has responded to the UK Government’s consultation on extending the Smoke and Carbon Monoxide Regulations in England, arguing that the rules should be amended so that landlords and agents must make sure the alarms are tested prior to the start of the tenancy and not on the first day of each new tenancy. Read More...

Demand from tenants continues to reach record levels

Tuesday 29 September 2020

Propertymark’s Private Rented Sector Report for August shows a record-breaking month with the number of new prospective tenants continuing to rise, along with the average letting agent branch registering 101 new tenants, breaking July’s previous record.

Rental property demand

208 rental properties were available per letting agent branch in August. This remained the same as the record-high figure recorded in July, which beat the previous record of 192 properties managed per letting agent branch in July 2017.

Tenancy length

We recorded an all-time high for the average tenancy length for the month of August, with tenants staying in their properties for 21 months on average. This figure was highest in the East Midlands with tenancies lasting 25 months and the lowest in the North East, lasting an average of ten months.

Rent increases

Tenants experiencing rent increases were on the rise in August, with nearly half of agents witnessing landlords increasing rent compared to 29 per cent in June and 39 per cent in July. Year-on-year, this is still 16 per cent lower than in August 2019, when the figure stood at 64 per cent.

Read the full report

Quote mark

I am thrilled to join Propertymark at such a pivotal juncture. Housing is arguably the most important portfolio within the economic playbook and I look forward to bringing my experience of regulation, Government oversight, and educational strategy along with my experience inside a number of different membership bodies, to bear on the next stage of the business’s development.

I welcome the opportunity to work closely with members over the coming months to ensure that we continue to serve them and represent their interests, enforcing high standards, and playing our part in shaping housing policy.

Tim Balcon

Angela Davey
ARLA Propertymark President