Islington to prevent empty homes being used as investment

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Islington to prevent empty homes being used as investment
8th December 2014

Islington is set to become the first borough to bring in new measures to prevent investors from buying up new-build properties and leaving them empty to accumulate value. Islington Council hopes that this will help create more homes for Londoners.

In extreme cases, investors could be faced with jail time if they are unable to prove that the properties are occupied.

The measures should mean more space for Londoners who need homes, but with the cost of new build apartments now in the hundreds of thousands of pounds, who will be able to afford them?

Jake Tupman has this report.

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