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Concerns raised over funding for empty homes reforms

Plans to give councils stronger powers over empty homes are facing questions regarding the cost of repairs needed to make properties habitable.

  • Government plans would allow councils to intervene after a property has been empty for six months, down from the current two-year threshold.
  • Elliot Castle, CEO of We Buy Any Home, estimates over 150,000 of the 300,000 empty homes nationwide are uninhabitable.
  • Concerns have been raised about how local authorities, reportedly facing financial constraints, would fund the necessary refurbishment work.

Plans to grant councils stronger powers to address empty homes are being scrutinised due to concerns over the potential cost of repairs. The government intends to reform Empty Dwelling Management Orders (EDMOs), which would enable councils to intervene after a property has been vacant for six months, a reduction from the current two-year period.

Elliot Castle, CEO of We Buy Any Home, supports the initiative to bring empty properties back into use. However, he argues that many of the estimated 300,000 empty homes nationwide require substantial refurbishment to become habitable. Castle estimates that more than 150,000 of these properties are currently uninhabitable.

Castle has questioned how local authorities, which he claims are already struggling financially, would afford to make these neglected properties fit for rent. He suggested that financial grants could be a more practical approach to address the issue.

Why this matters: The debate highlights a practical challenge for the property industry regarding how to fund the refurbishment of neglected homes if councils are given stronger powers.

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