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London's empty luxury homes become election issue

Politicians urge penalty as more than 460,000 UK homes lie vacant

Published Thu, Apr 9, 2015 · 09:50 PM
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London

PETER Rees' attempts to form a residents association after moving into the City of London's Heron apartment tower were hampered by one major obstacle: he couldn't find many of his neighbours.

"We discovered just how difficult it was to trace owners who hadn't been near their flats," said Mr Rees, the former City of London planning officer who owns an apartment in the 284-home tower that was completed in September 2013. "They were either unknown or uncontactable." The phenomenon known as buy-to-leave, with some investors not even bothering to pick up keys to properties, is now be…

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