Rich council has 621 billionaire/millionaire homes left empty as investment vehicles

“A west London council has requested new powers to take over so-called ‘ghost homes’ and use them for council tenants when they are left unoccupied for long periods of time.

Kensington and Chelsea council’s deputy leader Kim Taylor-Smith has written to the housing minister to call for an overhaul of council powers to acquire unused houses.

Mr Smith said growing demands for social housing in the west London borough had been “framed by the Grenfell tragedy”, which led to the deaths of 72 people and left hundreds of council tenants homeless in June 2017.

Kensington and Chelsea was said to have a “huge buy-to-leave investment market”, meaning properties are bought and left empty, often to accrue value.

Mr Taylor-Smith said 621 properties in the area have been empty and unfurnished for more than two years, 347 of which are “amongst some of the most expensive in the borough”, including one worth almost £30 million. …”

https://www.standard.co.uk/news/london/london-council-calls-for-extra-powers-to-take-over-millionaires-empty-homes-a3955186.html

One thought on “Rich council has 621 billionaire/millionaire homes left empty as investment vehicles

  1. Just a little bit disingenuous to call it “a west London council”. It is not just any old council – it is THE west London Council Kensington & Chelsea. Yes – that very same Conservative-run Kensington & Chelsea that gave the owners of these same unused houses a council tax rebate by scrimping on the quality of the Grenfell House refurbishment, saving almost £2m against budget but failing to spend even the tiniest part of it on safety measures like an extra £5k on inflammable cladding (rather than the deadly flammable version that was utterly unsuitable) and for a sprinkler system.

    Fortunately, K&C and Mr Taylor-Smith know full well that their politically correct request to government will simply be ignored – we can’t have the Conservative Party’s rich friends and financial donors having their properties confiscated, can we?

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.