What does the Budget mean for property?

Chancellor Rishi Sunak has set out his spending plans to tackle the economic costs arising from the Covid-19 pandemic.

Corporation tax hikes, more support measures for businesses and new levelling-up investments were among the key takeaways. But has the Budget addressed real estate’s needs and will it foster investment? And what’s in store for the UK’s landlords, as the biggest tax burden since the 1960s looms on the horizon?

EG’s news editor Pui-Guan Man spoke to Melanie Leech, chief executive of the British Property Federation, and Walter Boettcher, UK chief economist at Colliers International, about where more clarity is needed on the positives of the Budget, whether the role of real estate was recognised in the levelling-up agenda, and the missed opportunities this time around.