Propertymark CEO Nathan Emerson responds to the Labour Party's 2024 UK election manifesto.
Pledges to reform the planning system, commit to a brownfield-first approach, making the private rental sector more energy efficient, and a commitment to build 1.5 million new homes over the next parliamentary term are more than welcome.
The planning process can be a huge obstacle in keeping pace with demand and change is desperately needed in order to serve an ever-growing population.
Many buyers have had a tough time since the 2008 recession, and it is vital any future strategy includes a sustainable mix of affordable housing options for both buyers and renters.
Propertymark would like to see more details from Labour about how they plan to meet their housing goals and ensure this is there is a firm and fair set of policies in place to serve all demographics.
Any aspiration to reintroduce the Renters (Reform) Bill must come with full disclosure and a realistic timeline regarding the required court reform before the removal of Section 21 evictions should ever become a reality.
