Steve Lane, from Robinsons Property, which deals with commercial and private housing, said it could be bad news for landlords.
He said there is already “scarcity of stock” in residential lettings, as recent legislation, such as the Renters Rights Act due in May 2026, has resulted in “more and more landlords leaving the market and not investing”.
“That’s pushing up the rents,” he said.
He added there was an “unwelcome increase in tax on landlord income from rental property which, on top of recent legislation, rather dissuades people from investing in property to let”.
But there are some positives, he said: “There is a quiet lessening and reduction in the business rates for small properties.
“The detail is yet to come out in total but the smaller units will have a lower multiplier for their business rates, so small and medium businesses should pay slightly less. That’s good news.”
He said business rates for larger sites will worsen, though this should not be too much of an issue for smaller towns.
