Some 32.9% of houses within the Metropolis of London are vacant, evaluation from Examine My Transfer discovered.
This impact has been worsened by a 27% improve in individuals leaving London between Q1 and Q2 2025.
The variety of empty houses factors to the rich parking their money within the type of the dear actual property. In the meantime some sellers have been accused of asking for unrealistic costs in in the present day’s slower market.
The Metropolis of London, Westminster, and Kensington and Chelsea every have over 25% of their properties presently unoccupied.
Dave Sayce, co-founder and managing director of Examine My Transfer, mentioned: “The property market is presently preventing again in opposition to the inflated value of central London.
“Not solely is there a rise in individuals selecting the remainder of the UK over thecapital, however the worth of properties in these areas is dropping considerably. The emptiest borough, the Metropolis of London, has seen the typical value of its property drop 36% since 2018.
“Until costs drop considerably, these houses usually are not viable for the typical particular person to purchase. Which means London goes to remain a ghost city till we see a drastic change.”
