X
X
Where did you hear about us?
The monthly magazine providing news analysis and professional research for the discerning private investor/landlord

Action needed on London empty homes scandal, says RLA

Action is needed to tackle the scandal of ‘buy-to-leave’ investors who are denying Londoners the homes they need, according to the Residential Landlords Association (RLA) in its manifesto for rented housing in London.

With almost 57,000 homes in the capital thought to be empty, the next Mayor of London needs to use the powers available to ensure such homes are being used either by landlords who want to offer properties to live in or are available to for purchase by would be home owners.

Whilst Ministers have introduced a wide number of tax changes designed to hit those purchasing additional property, many of these will not affect overseas investors who traditionally buy homes then leave them empty.

The manifesto also calls for new ways to enforce the large number of powers available to councils to protect tenants from criminal landlords and for greater efforts to free up small plots of unused land across London for the development of homes to rent the capital desperately needs.

According to an analysis by the accountants PwC, around 60% of Londoners will be in private rented housing by 2025. The RLA is calling for the new Mayor to work positively with landlords to ensure that these homes are safe, legal and secure by encouraging good landlords to develop new homes.

If you want to read more news subscribe

subscribe