LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

MPs call on government to bring long-term empty homes back into use – London Wallet

Mark Helprin by Mark Helprin
December 20, 2024
in Real Estate
MPs call on government to bring long-term empty homes back into use – London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

You might also like

Property market showing signs of resilience amid mortgage rate rises – London Wallet

Fast-growing agency enters London market with third acquisition of year – London Wallet

Knight Frank targets growth with self-employed affiliate estate agency model – London Wallet

A cross-party group of MPs, Peers and housing organisations has written to the housing minister to call for urgent action to bring over a quarter of a million long term empty homes back into use.

There are 265,000 homes in England that have been vacant for over 6 months, and at the same time there are over 123,000 households who are living in expensive temporary accommodation funded through local councils.

The letter follows a recent parliamentary roundtable on empty homes chaired by Paula Barker MP. During this, 5 actions were identified that would help to bring long-term empty homes back into use, some of which can be quickly and easily implemented:

+ Increase Affordable Homes Programme (AHP) flexibility to enable a greater portion of the funding to be used to bring empty homes back into use – currently this is limited to 10% outside of London.

+ Reform Empty Homes Dwelling Management Orders (EDMOs) so that councils can use them to address empty homes after six months rather than two years.

+ Introduce a national empty homes strategy as part of the Government’s long-term housing strategy, due next year, and a contribution to the target to deliver 1.5m homes.

+ Establish a statutory duty for councils to undertake empty homes work.

+ Reform probate to end the situation whereby some properties are exempted from the Empty Homes Premium – an additional tax councils can charge on empty properties – indefinitely.

The Parliamentarians outline that empty homes can play a significant role in immediately addressing the housing supply crisis and addressing homelessness whilst the country scales up building more social and affordable homes.

Barker said: “It is not right that so many properties are sitting empty when so many families are in desperate need of a home. We are urging the government to drive action on empty homes as part of its long-term housing plans. This will enable more households to be supported into a secure home sooner.”

The full text of the letter can be found here.

 



[ad_2]

Source link

Share30Tweet19
Previous Post

Model Y loses top sales spot, Walmart goes solar, and Montana is for the kids

Next Post

Ten statistics that tell the story of the property market in 2024 – London Wallet

Mark Helprin

Mark Helprin

Recommended For You

Property market showing signs of resilience amid mortgage rate rises – London Wallet
Real Estate

Property market showing signs of resilience amid mortgage rate rises – London Wallet

April 14, 2026
Fast-growing agency enters London market with third acquisition of year – London Wallet
Real Estate

Fast-growing agency enters London market with third acquisition of year – London Wallet

April 14, 2026
Knight Frank targets growth with self-employed affiliate estate agency model – London Wallet
Real Estate

Knight Frank targets growth with self-employed affiliate estate agency model – London Wallet

April 13, 2026
Mortgage deals pulled at fastest rate on record as product choice shrinks – London Wallet
Real Estate

Mortgage deals pulled at fastest rate on record as product choice shrinks – London Wallet

April 13, 2026
Next Post
Ten statistics that tell the story of the property market in 2024 – London Wallet

Ten statistics that tell the story of the property market in 2024 - London Wallet

Related News

Stocks making the biggest moves midday: First Republic Bank, PepsiCo, Fiserv and more

Stocks making the biggest moves midday: First Republic Bank, PepsiCo, Fiserv and more

April 25, 2023
Top Wall Street analysts recommend these 3 stocks for long-term investors

Top Wall Street analysts recommend these 3 stocks for long-term investors

August 31, 2025
SNP probe could be more challenging before it gets easier, says Yousaf

SNP probe could be more challenging before it gets easier, says Yousaf

August 15, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?