28 Feb

Government pledges money to battle empty homes

Government pledges money to battle empty homes

Those who are looking for property to rent in London and other places could find themselves with more options in the near future, after the government pledged money to battle the scourge of empty homes.

Communities minister Andrew Stunell expressed the importance of cutting down the 700,000 homes which lie empty in the UK while many people are still looking to move into the rental sector.

He has pledged £100 million to help renovations which could bring such homes back into use across the country, saying that every strong bid for a slice of this cash must include plans to bring at least 100 homes back into use.

David Ireland, chief executive at Empty Homes, said: "[The new fund] will probably be invested in a fairly small number of areas with fairly large concentrations of empty properties and it will try to fix the underlying problem, or improve the houses."ADNFCR-1222-ID-801305101-ADNFCR

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