Reform of the Property Sector - What’s on the Horizon?
A shift in towards regulation of the property sector is on the horizon within social housing and the Private Rented Sector.
Social Housing
It all began with former Housing Secretary Michael Gove’s announcement in 2023 that Social housing managers would be required to gain professional qualifications under the Social Housing (Regulation) Act 2023 to protect residents and raise standards in the sector and rightly so, in part as a result of the Grenfell Tower tragedy and in memory of two-year-old Awaab Ishak, who tragically died in 2020 due to prolonged exposure to severe black mould.
Breaking News - Government Publishes Home Buying and Selling Roadmap
The UK Government has published a roadmap its plans to reform the Home Buying and Selling Process to make transactions easier, quicker and more efficient.
The roadmap sets out a process which is structured, digital with the objective of reducing delays and sales falling through.
There will also be greater emphasis on agents to be thorough when gathering, sharing and using information.