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This is the London borough with the most empty homes

April 21, 2017 8:13 AM
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This is the London borough with the most empty homes

Kensington and Chelsea has overtaken Lambeth as the London borough with the most empty houses.

Lambeth had the most unused properties back in 2006, followed closely by Croydon, but the empty housing stock in these areas has now been occupied.

In England as a whole, there are 200,145 empty homes, which are worth £43bn in total, according to research by Property Partner.

Unsurprisingly, London makes up for a substantial proportion of the empty properties. There were 19,845 homes lying empty for more than six months last year, or £9.4bn worth of property; 22 per cent of the total empty homes in England by value.

Within London, Kensington and Chelsea had £2bn worth of empty properties last year, with 1,399 idle homes, an increase of 8.5 per cent on the year before.

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Source: cityam.com

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