London doesn’t have a housing problem it has a rich people problem. Despite soaring homelessness in the capital, figures recently released by the government show that the number of homes left empty in the city has risen for the first time since 2009.
There are currently 59,881 empty homes in London. That is enough to house everybody currently living in emergency temporary accommodation in the city – and everyone sleeping on the streets. 20,000 of these properties have been empty over two years. These are not second homes, properties which are rented out or homes used for holidays. They are empty, abandoned in some cases, or more often deliberately left vacant as investment opportunities.
It is this that is likely to be the reason the number of empty homes is rising in the capital but falling everywhere else in the UK. Luxury penthouses built not for living in, just for…
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