Over 290,00 private homes in England, roughly equivalent to 1.6% of all privately-owned property in the region, have been empty for more than six months, according to new research from the Halifax.
The research says the number of private empty homes has actually fallen by 6% in England over the past three years to 290,862. But in 21 local authorities at least 3% of the private dwelling stock is empty - nearly double the English average. The figures also contrast sharply with the government's stated aim of increasing house building by up to 200,000 new homes each year. The Halifax says the highest proportion of empty homes are in Burnley (6.2%), Liverpool (5.6%) and Pendle (5.1%). And of those areas with the highest number of empty homes nine are in the North West, while three are i...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes