Empty homes problem needs eradicating claims Halifax

clock

New research focusing on the importance of bringing the large number of empty homes in England back into use has been released by the Halifax.

The findings, based on data from the Office of the Deputy Prime Minister, reveals there are 689,675 empty homes in England, which makes up 3.2% of the total English housing stock available. Meanwhile 100,000 households across the country are living in temporary accommodation. The research revealed there are 23 local authorities in which at least 5% of homes are vacant, with 14 local authorities having more empty homes than they have people in short-term accommodation. The findings also suggest that house prices in these locations tend to be around 22% lower than the average regional house...

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

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read