Propertymark’s recommendations for financial incentives to decarbonise the Private Rented Sector (PRS) have been listed by the influential Senedd Climate Change, Environment, and Infrastructure Committee.
The committee made 29 recommendations, which will go to the Welsh Government, including the use of grants or interest-free loans from the Development Bank of Wales to help landlords and agents decarbonise and finance retrofit, and the possibility of reduced rates of Land Transaction Tax (LTT) or Council Tax rebates for landlords and homeowners.
Propertymark also called for a clear strategy to support landlords in contributing to Net Zero and a Welsh-wide national communications campaign for tenants, landlords, agents, and homeowners.
Timothy Douglas, head of policy and campaigns at Propertymark, urged the Welsh Government to act upon the recommendations and work with the UK Government to introduce policies that allow landlords and homeowners to decarbonise their homes and properties in Wales.
Douglas said: “We’re really pleased to see that our proposals such as the availability of interest free grants for landlords, requests for an agreed timetable and milestones for the sector, the production and inclusion of a clear decarbonisation strategy, alongside calls for the Minister to provide clarity on how she will raise awareness have all been recommended to the Welsh Government.”
