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.”

Event Diary

DISCOVER | DEVELOP | DISRUPT

UKREiiF has quickly become a must-attend in the industry calendar for Government departments and local authorities.

The multi-award-winning UK Construction Week (UKCW), is the UK’s biggest trade event for the built environment that connects the whole supply chain to be the catalyst for growth and positive change in the industry.