Property investors who leave homes empty just to make
money from property price rises could be fined or even jailed under proposals
made by a London council. Islington plans to force owners of newly built homes
to prove they are occupied. If homes are left empty for longer than three
months owners will face high court injunctions which if breached, could bring
fines, repossession and, in the worst cases, jail for owners, the council said.
The north London borough revealed that 30% of 2,000 homes built in the last six
years have nobody on the electoral register and, even when students and foreign
tenants are discounted, close to a quarter of homes in five of the newest
residential developments appear to be empty. Read more on the Guardian website.
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