Number of Empty Homes at its Lowest

April 29, 2016

Figures released by the Government yesterday shows that the number of empty homes is now at its lowest level since records began.

A Housing statistical release by The Department for Communities and Local Government on Dwelling Stock Estimates 2015 England.

There were 23.5 million dwellings in England at 31 March 2015, an increase of 171,000 dwellings (0.73%) on the same point the previous year.

14.7 million dwellings were owner occupied dwellings, 4.7 million private rented dwellings and 4.0 million social and affordable rented dwellings (Private Registered Providers plus Local Authority).

Between March 2014 and March 2015, the private rented dwelling stock increased by 125,000 and the owner occupied stock increased by 37,000. The social and affordable rented stock increased by 19,000 dwellings and the other public sector stock decreased by 9,000 dwellings.

There were 600,179 vacant dwellings in England on 5 October 2015, a decrease of 9,944 (1.6%) from 610,123 on 6 October 2014

Long – term vacant dwellings numbered 203,596 on 5 October
2015, a fall of 2,225 (1.1%) from 205,821 on 6 October2014.

These figures showed show an increase in the number of owner-occupied homes in the past year, after seven years of decline, starting in 2007.

The government has introduced a number of measures to get homes back into use that have stood empty for years.

Read the full report on the Gov.UK website click here

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Rightmove logo
Breaking News

Back-to-school buyer bounce outpaces typical September uplift

New real-time analysis from the UK’s largest property platform Rightmove reveals that buyer demand received a stronger than usual back-to-school boost during the first week of September Buyer demand increased by 5% during the opening week of the month, significantly higher than the average increase of 0.4% seen over the same period during the last…
Read More →
Letting Agent Talk

8,500 tenanted homes currently on the market

8,500 tenanted homes currently up for sale as TLP highlights importance of clean client money handovers   More than an estimated 8,500 homes are currently being marketed for sale with tenants in situ across England, according to the latest analysis by The Letting Partnership, presenting landlords with the opportunity to acquire an investment generating rental…
Read More →
Estate Agent Talk

Which property types take the longest time to buy?

From complex flats and shared ownership homes to new builds and unusual titles, Lyons Bowe reveals which properties can create the biggest conveyancing workload   The latest insight from Lyons Bowe has revealed which types of property are most likely to require the largest and most complex conveyancing workload, potentially adding more stages to the journey…
Read More →
Commercial Agent Talk

Building Site Accidents and Compensation: A Guide for Injured Workers

One mistake, one faulty piece of equipment and an unsafe working setup could cause a construction laborer much more than just aches and pains. One injury can result in medical costs, showing up on working days, reduced income and a path to long recovery. Under certain circumstances, the workers may be entitled to get compensation…
Read More →
Estate Agent Talk

First-Time Buyers: Why 4–5 Houses is the Sweet Spot

House hunting before the stress kicks in: Four to five houses is the sweet spot for first-time buyers Just 20% of us feel excited on a first property viewing, rising to 47% by viewings 4 to 5 There’s a U shape trajectory of excitement when it comes to the viewing process However, there is a…
Read More →
Breaking News

Two in five mortgage holders switched banks for a better mortgage deal

Of those who have a mortgage and switched banks, 41% did so to get a better mortgage rate deal and 30% did it to receive an incentive related to their mortgage Only 15% of people moving home switched their bank account during the move, while far more switched broadband (46%), energy (38%), and mobile phones…
Read More →