New evidence from Kensington & Chelsea Council reveals only a tiny proportion of homeowners in the borough leave their properties unoccupied for long periods of time.
A spokesman for the local authority revealed there are “about 109 homes in the borough that have been unoccupied for two years or more”.
“We work hard to identify the owners of long-term empty properties, some of which are empty for valid reasons such as building work or a change of ownership,” he added.
The council’s own figures are at odds with recent research that reveals London accounts for more than 10% of the 203,596 homes in England that have been uninhabited for six months.
The study by crowdfunding platform Property Partner claims 20,915 properties in the capital were unoccupied in 2015.
It says figures from the Department of Communities and Local Government – not local councils – show Kensington & Chelsea had 1280 homes that were unoccupied for six months or more in 2015.
Despite the figures obtained by Property Partner showing the total number of empty homes in London falling from 40,081 in 2005, London Mayor Sadiq Khan wants to introduce rules that limit the sale of residential property to overseas investors.
The Mayor recently told TV viewers: “We shouldn’t be embarrassed of saying our homes are homes, not gold bricks for investors in the Middle East and Asia.”
If you own one of the few residential properties in Belgravia, Knightsbridge, Chelsea, Mayfair, Pimlico or South Kensington that is unoccupied, contact Best Gapp today. Our team of sales and lettings specialists can help you maximise its value.
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