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things are still closer to "normal". What do you mean by normal here? Everything is left empty by fabulously wealthy owners, or everything is packed to the raf

by mafribe 10y ago

things are still closer to "normal". What do you mean by normal here? Everything is left empty by fabulously wealthy owners, or everything is packed to the rafters? I guess the latter.

vidarh 10y ago
Neither. I mean the mix of properties is not skewed so heavily towards one type of properties, and you have a spread of bigger blocks of flats, smaller ones, terraced housing, detached houses. I live in Croydon, and here you'll find a wide mix from studio flats to mansions, often quite near each other. The proportion of empty properties does not vary much across London as far as I know. Certainly not enough to be noticeable.
- mafribe 10y ago
  You are right, I'm only familiar with central London. I doubt Croydon currently has enough glamour to attract the super rich to park their money with empty mansions. I imagine that the main reason for property to be empty in Croydon is that it can't be sold/rented at the target price level.
  - vidarh 10y ago
    Empty mansions or super-expensive flats over the long term does not contribute much to the stats - that type of housing make up a vanishingly small part of the total housing volume, so even if they were all empty it wouldn't make much difference. But Croydon actually has some of the most expensive areas of the UK. When people think of Croydon, they often think only of Croydon town centre, but that's a tiny part of the borough. It doesn't have the 10+ million flats you might find a handful of in Kensington etc., but it does have lots of multi-million properties, in numbers big enough that those are significant for these stats. E.g. here's an example of the type of things you might find in Purley, which is part of Croydon [1], [2]. In Shirley (also Croydon) you're more likely to find properties around the million mark, but you do have roads where the average is around 1.5-2.5 million. In terms of empty properties, there's minimal difference between those areas, or the luxury flats near the station, or the middle class areas, or the couple of run down council estates. [1] http://www.zoopla.co.uk/for-sale/details/41807624?search_identifier=b86ad45a3c9062e09cc4e7cefaadb2fc http://www.zoopla.co.uk/for-sale/details/41807624?search_ide... [2] http://www.zoopla.co.uk/for-sale/details/33270402?search_identifier=b86ad45a3c9062e09cc4e7cefaadb2fc http://www.zoopla.co.uk/for-sale/details/33270402?search_ide...

by mafribe 10y ago

things are still closer to "normal". What do you mean by normal here? Everything is left empty by fabulously wealthy owners, or everything is packed to the rafters? I guess the latter.

vidarh 10y ago

Neither. I mean the mix of properties is not skewed so heavily towards one type of properties, and you have a spread of bigger blocks of flats, smaller ones, terraced housing, detached houses. I live in Croydon, and here you'll find a wide mix from studio flats to mansions, often quite near each other. The proportion of empty properties does not vary much across London as far as I know. Certainly not enough to be noticeable.

mafribe 10y ago
You are right, I'm only familiar with central London. I doubt Croydon currently has enough glamour to attract the super rich to park their money with empty mansions. I imagine that the main reason for property to be empty in Croydon is that it can't be sold/rented at the target price level.
- vidarh 10y ago
  Empty mansions or super-expensive flats over the long term does not contribute much to the stats - that type of housing make up a vanishingly small part of the total housing volume, so even if they were all empty it wouldn't make much difference. But Croydon actually has some of the most expensive areas of the UK. When people think of Croydon, they often think only of Croydon town centre, but that's a tiny part of the borough. It doesn't have the 10+ million flats you might find a handful of in Kensington etc., but it does have lots of multi-million properties, in numbers big enough that those are significant for these stats. E.g. here's an example of the type of things you might find in Purley, which is part of Croydon [1], [2]. In Shirley (also Croydon) you're more likely to find properties around the million mark, but you do have roads where the average is around 1.5-2.5 million. In terms of empty properties, there's minimal difference between those areas, or the luxury flats near the station, or the middle class areas, or the couple of run down council estates. [1] http://www.zoopla.co.uk/for-sale/details/41807624?search_identifier=b86ad45a3c9062e09cc4e7cefaadb2fc http://www.zoopla.co.uk/for-sale/details/41807624?search_ide... [2] http://www.zoopla.co.uk/for-sale/details/33270402?search_identifier=b86ad45a3c9062e09cc4e7cefaadb2fc http://www.zoopla.co.uk/for-sale/details/33270402?search_ide...