Propertymark, an industry body, has urged the Welsh government to support investment in the private rented sector and to avoid further regulation in the upcoming Welsh Budget. This call comes as Propertymark responded to the Senedd’s consultation ahead of the Draft Budget's publication, scheduled for 17 November 2026.
The organisation is advocating for measures to increase housing supply and to provide financial assistance to landlords. This support is sought to help landlords meet proposed Energy Performance Certificate (EPC) C targets.
Propertymark has highlighted that higher rates of Land Transaction Tax (LTT) on additional residential properties create substantial upfront costs for investors and landlords. The current higher rates range from 5% to 17%. The body also warned that without financial support, landlords might exit the market rather than make significant investments to meet the proposed EPC C targets for private rented properties by 2030.