>The photo on the right of this column is of a pair of semis in Prescott Drive in Liverpool. It is one of three pairs of semis in a row all empty and in a similar state of neglect. They are the result of what, in my view, is one of the most depressing empty homes stories in the country. I’ve covered it before in this blog, see here and here. Louise Baldock is the local councillor and has published this update on her blog this morning. It does not fill me with hope. What would we be saying if [...]
>This makes a good story for a local paper. The Lincolnshire Echo has obtained details of all the empty homes in Lincoln making use of the Freedom of Information Act. Using approximate valuations from their council tax banding they worked out that £13.5 million worth of property is standing empty in the city. Better than that the paper also prints the roads where the properties can be found.
>Instant Access Properties has described “Buy to Leave” as a red herring on the basis of a survey of about 500 of their members. See report here.
Who, you might wonder are Instant Access Properties and why do they care? Well on their website they describe themselves as “the largest UK organisation dedicated to the creation of wealth through residential property investment.”
Fair enough I suppose. It’s a free market.
They go on to explain: “we specialise in off-plan property. We challenge the traditional convention that property investment involves buying a finished building. We believe that the smarter thing is to buy one [...]