Almost £11 Billion-Worth Of London Housing Is Sitting Empty

A shocking £10.7 billion-worth of London housing is sitting empty, new research has found. According to a study of properties across Greater London some 22,481 homes are currently empty, despite a growing housing crisis. Since 1990 the proportion of 25 to 34 year-olds owning their own home in London has plunged from 57 per cent to 28 per cent. In June 1994 the average cost of a home in London stood at just £73,013, compared with £471,504 today, resulting in “generation rent” for many young residents. Read more on the London Economic website.

https://www.thelondoneconomic.com/property/almost-11-billion-worth-of-london-housing-is-sitting-empty/30/10/