From James Lockett

Research by Barrows and Forrester has found that despite a house price boom driven by heightened buyer demand and a lack of available stock, there is an estimated £200bn worth of property sat vacant across Britain’s housing market - up 2.1% on the previous year alone.

The research shows that: -

• With 665,628 vacant dwellings, England is home to by far the highest total value, worth an estimated £190bn in the current market. 
• Regionally, London is home to the highest total value of all English regions, with 80,295 empty homes worth an estimated £41bn. 
• The South East and East of England also rank high, with an estimated £36.2bn and £22.9bn worth of vacant dwellings across their respective markets. 
• The North East is home to the lowest total value of vacant dwellings of all English regions, but even still, its 43,735 empty homes are estimated to be worth £6.5bn in current market conditions. 
• In Scotland, the total value of vacant dwellings sits at almost £8bn, while Wales is home to the lowest total value at £5.2bn.
• Across Britain as a whole, the 735,095 homes believed to be sat dormant total an estimated market value of £2bn. 

Read the full release below 

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