Was the UK Spring Budget 2023 good for housing and the property sector?

- No, the budget missed huge opportunities to address problems faced by the UK housing industry such as:

- Nothing to stop the  mass exodus of private rented sector landlords, 

- No commitment to housing targets 

- No supply side policies to make it easier to build more homes

- No help for first time buyers e.g. a  properties a stamp duty holiday or discount

- No age-specific housing policies such as 'right-sizing' tax breaks to free up larger homes

- No long term housing policies to help the aging Uk housing stock get to Net Zero.  Stimulants could include introducing zero-rate VAT for building repairs on period properties where work qualify as EPC upgrades.  

Social