The key points of the Budget with regard to property included:
- £12.2bn of grant funding allocated for the affordable homes programme from 2021/22
- £400m for mayoral combined authorities and local areas to establish housing on brownfield land across the country
- £1.1bn allocated from the housing infrastructure fund for nine different areas, including Manchester, south Sunderland and south Lancaster
- an additional £1bn to remove unsafe cladding from residential buildings above 18 metres following the Grenfell fire
- 2% stamp duty land tax (SDLT) surcharge on non-UK residents purchasing residential property in England and Northern Ireland from 1st April 2021
- the government will introduce a relief for qualifying housing co-operatives from the annual tax on enveloped dwellings (ATED) and the 15% flat rates of SDLT on purchases of dwellings over £500,000.