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There are about 25,000 unoccupied properties in London, UK worth about £11 billion.
by kjakm 6y ago
There are about 25,000 unoccupied properties in London, UK worth about £11 billion.
- twic 6y agoThat's all homes empty for any reason, not just "purchased by foreign investors and left empty", which is what i'm talking about. It's still a tiny number compared to the size of the city. Here's a report, covering England but with some extra detail on London, from 2019: https://www.actiononemptyhomes.org/Handlers/Download.ashx?IDMF=68fa9a2d-83f5-4ca4-936b-a8d8248484c0 https://www.actiononemptyhomes.org/Handlers/Download.ashx?ID... Table 5 tells us that in London, there were a grand total of 2126 empty homes in council tax bands G and H, ie the kind of property an investor might buy. The vast majority of empty homes are not offshore investment material.