Magazine article Public Finance

A Third of New Homes for Key Workers Are Empty

Magazine article Public Finance

A Third of New Homes for Key Workers Are Empty

Article excerpt

More than a third of homes built for key workers in London and Southeast England are standing empty, according to government figures.

A total of 2,272 homes have been built in the two regions since the £725m Key Worker Living scheme was launched in March 2004. To date, just 1,470 have been " sold for shared ownership or let for I intermediate renting.

This leaves 236 empty properties in London (equivalent to 36% of those constructed) and 566 in the Southeast (35%). In contrast, 83% of the homes built in the East of England have been either sold or let.

The figures were revealed by housing minister Yvette Cooper following a parliamentary question tabled by MP Sarah Teather, who shadows the Office of the Deputy Prime Minister for the Liberal Democrats. …

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