To ask the Secretary of State for Housing, Communities and Local Government, whether the Government is taking steps to limit the number of properties bought as investments rather than as homes or rental properties.
This answer is the replacement for a previous holding answer.
Answered on
4 November 2019
This government is determined that the housing market works for everyone. That is why we are considering all levers at our disposal, including reforms to the planning system, to increase the supply of discounted homes for local people to buy, as well as increasing the supply of homes overall.
We have also taken steps to reduce the numbers of long-term empty homes in England by bolstering local authorities powers and incentives to tackle empty homes. Local authorities have the discretion to increase the maximum level of premium charged on properties that have been empty for more than two years from 50 per cent to 100 per cent extra council tax. There are now 83,813 fewer empty homes than in 2010.