The Budget and housing: key points

  • The headline – stamp duty abolished for first-time buyers on properties up to £300,000

  • In London, the stamp duty holiday extended to the first £300,000 of a £500,000 property

  • 100% council tax on empty properties

  • compulsory purchase of land banked by developers for investment purposes

  • a new homelessness task force

  • a new housebuilding target, of 300,000 homes a year, by mid 2020s.