'Pretty Vacant', a report highlighting how property investment in London is reducing access to much needed housing for locals, has been releasedm by the campaigning charity Action on Empty Homes.
Working in conjunction with the Trust for London, the report highlights:
- The inaccuracies in data from which London's Housing Policy is based on
- The variation in numbers of recorded empty and second homes between neighbouring Boroughs
- The short-term let markets significantly impacting on the rental market
- The tens of thosands of homes currently under construction destined for inward investment rather than providing a supply for locals.
The report goes on to outline a number of recommendations for Government in order to solve such disconnect.
Chris Bailey, Campaign Manager and author of the report for Action on Empty Homes, said: