Real EstateUK

Research identifies UK empty home hotspots

UK empty home

There are 640,000 empty homes, which is 2.65 per cent of houses across the UK

A North-East town has been named in the UKs top 10 areas where houses are remaining empty for the longest.

Research commissioned by Coulters, using data from Ministry of Housing, Communities and Local Government, has identified the UKs empty home hotspots.

Using the data, it has found there are currently 640,000 empty homes, accounting for 2.65 per cent of houses across the country.

It has found Hartlepool is fifth in the UK with 2,078 properties out of 44,250 (4.70 per cent) in the area reportedly unoccupied and unused.

According to the research, buyers in the area have been found to pay around 17 per cent less for a property compared to other parts of the North-East.

Michael Fitzgerald, Chairman at Coulters Property, said: It is very surprising that despite the demand for housing being so high at present, with UK mortgage applications at a 12-year high, 4.70 per cent of properties in Hartlepool are left vacant.

Buyers in Hartlepool have been found to pay approximately 17 per cent less for a property compared to other areas in the North-East. Despite this, our research found that 2,078 properties (of a total 44,250 in Hartlepool) are left unoccupied and unused, Fitzgerald said.

He said, some will be empty for good reason, and of no use to those on waiting lists for social housing etc, however many, once reclaimed by the government, have the potential to make lovely homes for those in need of secure housing. There are a lot of reasons as to why houses might be left unoccupied, from part-time homes and Airbnbs to properties that are bought to be renovated and sold on.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Leave a Reply

fifteen − two =