Are Empty Homes a problem for landlords?

October 23, 2022

With surging demand for rental properties, it has recently been recorded that there are over 44,000 vacant houses across the cities in England. Where do the patterns lie?

Cash House Buying specialists Open Property Group have conducted research looking at the Number of Vacant Houses in England so far in 2022 along with the Number of 2022 New Build House sales.

Birmingham has topped the ranks with 5,496 homes currently sitting empty across the Midlands city.

Are landlords struggling to rent out their rental properties despite the rising demand due to surging interest rates presenting barriers for people wanting to get on the property ladder?

Other data from the research does in fact paint a different picture – the Cities with the lowest number of empty homes are Cambridge with 310 and Gloucester with 391.

In the current climate, National Statistics Data highlight that cities in the Midlands seem to be struggling the most with New Build House Sales, with Nottingham recording only 2 new builds sold so far in 2022, and Leicester recording just 6.

When correlating vacant houses available vs new build house sales so far this year:

  • Birmingham have 5,496 vacant houses with New Build House Sales of 337
  • Liverpool have 4,880 vacant houses with New Build House Sales of 114
  • Sheffield have 2,838 vacant houses with New Build House Sales of 44
  • Leeds have 2,693 vacant houses with New Build House Sales of 274

Are the increasing development of New Build houses the solution, or part of the problem? Openpropertygroup.com Managing Director, Jason Harris-Cohen said:

“As an industry, we have to step back and look at the statistics, then delve a little deeper to see the true picture. New build homes are always sold at a premium but with rising mortgage rates and the cost-of-living crisis biting, buyers look to be compromising already, with relatively low numbers of new homes sales despite aggressive house building programmes.

There is an exceptional gap in the market for vacant properties to be revitalised and released back onto the open market, for sale at attractive price points. They don’t have to be luxurious or cutting edge – they just need to be safe, clean and a value-for-money way for people to get on or move up the property ladder.

Much is made in the media of a ‘chronic housing shortage’ but the statistics don’t always support this headline. Figures released by the Government’s Homes England department states 37,164 houses were completed between 1st April 2021 and 31st March 2022, with another 38,436 started on-site. When you couple this with over 44,000 vacant properties so far in 2022, the question is ‘why are there so many vacant properties and unsold new builds?’. The industry needs to look at the existing stock we have, how it is utilised and what buyers can afford in the current climate.”

 

CITIES

Number of New Build House Sales
So Far in 2022

Number of Vacant Houses
So Far in 2022

Vacant Houses vs New Build Gap

Birmingham

337

5,496

5,159

Liverpool

114

4,880

4,766

Sheffield

44

2,838

2,794

Leeds

274

2,693

2,419

Manchester

249

2,130

1,881

Sunderland

80

2,086

2,006

Stoke-on-Trent

20

1,892

1,872

Newcastle Upon Tyne

212

1,796

1,584

Leicester

6

1,777

1,771

Coventry

70

1,729

1,659

Wakefield

263

1,469

1,206

Nottingham

2

1,463

1,461

Brighton

20

1,354

1,334

Wolverhampton

94

1,327

1,233

Portsmouth

56

1,208

1,152

Salford

301

1,187

886

Derby

44

1,168

1,124

Bristol

122

1,108

986

Lancaster

51

905

854

Plymouth

56

670

614

Carlisle

68

656

588

York

63

645

582

Norwich

30

622

592

Peterborough

193

611

418

Exeter

79

498

419

Oxford

26

436

410

Worcester

32

393

361

St Albans

46

392

346

Gloucester

55

391

336

Cambridge

25

310

285

 

Sources: 2022 National Statistics House Price Statistics For Small Areas (Newly built dwellings) & Live tables on dwelling stock (including vacants)

For more information please visit www.openpropertygroup.com

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Rightmove logo
Breaking News

Rightmove to launch digital agent valuation tool to connect agents with more future sellers

The UK’s largest property platform Rightmove is adding a new product to its suite of valuation tools, helping agents to reach more future sellers that want an online-first experience. With the new Online Agent Valuation, prospective sellers can send photos and detailed information about their home to selected agents, who can then reply with an…
Read More →
Estate Agents should not all look the same
Estate Agent Talk

Building Trust, One Step at a Time

The latest Ipsos Veracity Index reveals that trust in estate agents has reached its all-time-high since they were first included in the survey, with 37% of the public expressing confidence in 2024 compared to just 28% the previous year. But there’s still more to be done to keep on the upward trend according to property…
Read More →
Breaking News

Breaking Property News 11/08/25

Daily bite-sized proptech and property news in partnership with Proptech-X. 10 critical fixes for Estate Agent websites How AI search is reshaping the Web With ChatGPT, Gemini and XAI now answering property questions that once went straight to Google, estate agents face a new digital battleground. AI search is reshaping how buyers, sellers, landlords and tenants…
Read More →
How to add value to your home
Estate Agent Talk

Investing in Property: A Smart Move for Long-Term Financial Growth

In a world of fluctuating markets and uncertain economic trends, property investment remains one of the most stable and reliable ways to build long-term wealth. Whether you’re purchasing your first home, a rental unit, or commercial space, real estate continues to offer numerous advantages that set it apart from other types of investments. This article…
Read More →
How to help out hoarders
Estate Agent Talk

Neighbourly nightmares: One in three Brits face next-door disputes

New research from Rightmove reveals that over a third of Brits (36%) admit to having had an argument with their neighbour Top annoyances are noisy neighbours (78%), parking spot poachers (71%) and curtain twitchers (70%) Neighbour behaviours deemed the biggest red flags are asking for your Wi-Fi password (87%) and letting bins overflow (71%)  …
Read More →
Breaking News

Breaking Property News 07/08/25

Daily bite-sized proptech and property news in partnership with Proptech-X. Interest rates cut to 4%, inflation expected to rise to the same figure The Bank of Engaland after two ballots approve 0.25% cut in rate to 4%, but inflation is double target figure In what is the fourth rate cut since Labour came into power…
Read More →