29 / October / 2018

Budget 2018

While there were short references to the Letwin report, £500m for the housing infrastructure fund, and a measure to help neighbourhoods allocate land for local, affordable housing, as expected, the chancellors last budget before the UK’s exit from the EU provided little in the way of residential property related issues.

 The chancellor surprisingly chose to pass on the opportunity to build on recent momentum and take further ground from Labour on the conversation surrounding privately renting households, but there was slightly more complexity on the subject of retail-to-residential property conversion. While broad assessments of the future highstreets funds potential to provide new homes through this vehicle will no-doubt provide some promising figures, in practice, it will be interesting to see what proportion of current retail property stock and land is suitable, and also feasible for conversion.  

All-in-all, somewhat of a disappointing budget from a residential property perspective.

By Lee Layton Tags: Hammond, Budget 2018 Category: Research
Tags: Budget 2018
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