Empty Properties: The Solution to The Housing Crisis
At the moment, the UK is going through a housing crisis. Throughout the entire country, both rent and mortgages are increasing and with them, the cost of living is also getting higher, meaning Brits find themselves in severe distress. There are a few reasons as to why landlords are demanding so much rent but one of the major factors is simply supply and demand. As the market stands, there are not enough properties available and with this lack of housing on the market, landlords have the ability to charge whatever they would like, whilst still knowing that there is someone out there who will be comfortable paying it. It’s these issues that are playing a massive role towards the UK’s housing crisis, so, what is the solution? It may lie in empty properties. In stark contrast to what other sites have reported, the UK has a massive array of empty properties. In fact, there are about 268,000 properties which have been classed as “long-term empty” properties, which is where they hav...