top of page
  • Youtube
  • Facebook
  • LinkedIn
  • Instagram
Writer's pictureIgor Griskin
Jun 12, 20231 min read

£20 Billion in Empty London Homes - Top Boroughs Revealed

Updated: Aug 15, 2023

London's iconic neighbourhoods conceal a hidden secret - thousands of empty homes worth over £20 billion, new analysis reveals.

City Hall examined Council Tax and house price data to uncover the shocking value of unused properties across top London boroughs:






1. Kensington and Chelsea - £2.2 Billion

London's most elite and expensive borough tops the list. Kensington and Chelsea's empty homes are worth an estimated £2.2 billion.

Reviving these vacant luxury properties could provide new upscale residences in one of the UK's most desirable areas.


2. Southwark - £1.3 Billion

Vibrant Southwark's unused homes are valued at around £1.3 billion. Giving these properties new life can preserve neighbourhood history while allowing fresh development.



3. Westminster - £1.2 Billion

Westminster's iconic landmarks contain hidden treasure - empty homes worth £1.2 billion total. Unlocking these dormant properties could bring new luxury living to London's top borough.



4. Barnet - £1.1 Billion

Leafy North London suburb Barnet has an estimated £1.1 billion worth of empty residences. Transforming these homes could create an idyllic, tranquil suburban retreat.



5. Camden - £1.1 Billion

Creative hub Camden's unused homes top £1 billion in value. Turning these into modern, artistic living spaces could enhance this diverse cultural hotspot.

London's vacant properties represent huge potential for unlocking new housing supply. Re-purposing these empty homes could also help revitalize neighborhoods and preserve historic charm.

Tapping into London's £20 billion treasure trove of hidden homes could transform neighborhoods and improve housing access across the UK's most expensive city.

38 views0 comments

Comments

bottom of page