Empty homes at record low

According to data from the Department for Communities and Local Government (DCLG), the number of empty homes is now at a record low.

Figures have shown that there has been an increase in the number of owner-occupied homes in the past year, after seven years of decline. Records show that the downward trend in ownership is continuing to plateau after declining from a peak of 69.5 per cent in 2002 to 62.5 per cent in 2015 and 62.8 per cent in 2014.

Commenting on the figures, Housing and Planning Minister Brandon Lewis, said: “We are turning around the housing market and making sure the best use is made of all housing including empty homes. We are very clear that a house should be a home which is why we have taken action to stop homes being bought up and left as an empty investment.

“And we’ve taken forward the boldest ambition for housing in a generation, doubling the budget so we can help a million more people into homeownership, while delivering a bigger, and better private rental sector.”