Budget 2026: Real Estate Perspective

Three months into the new Government’s tenure, the UK saw John Healey’s first budget (the Budget) as Chancellor. The focus was on creating “breathing space” whilst maintaining the commitment to the fiscal rules with a “buffer to protect against uncertainty.”

This note considers the potential impact of the Budget announcements from a real estate perspective. For further, broader commentary please see our Autumn Budget 2026 article, which also includes an overview of the policy position and information on additional points of relevance for the real estate sector, specifically; i) Group relief from stamp duty land tax (SDLT); ii) Sovereign immunity reform; and iii) Annual tax on enveloped dwellings (ATED).