Croydon Council was this week celebrating bringing 137 homes in the borough back into residential use for those on the housing waiting list.
Yet according to figures published today, based on data from the Land Registry and property website Rightmove, that means that there’s “just” another 900 homes, valued at around £388million, still standing empty in Croydon.
Across London, there’s an estimated £12.4bn-worth of property standing vacant, often derelict
This high number of unused homes is part of a national scandal, according to the people behind today’s report.
The figures have been collated by the property crowdfunding platform Property Partner, who claim that across England there are more than 200,000 long-term empty homes which have an estimated value of more than £38 billion.
In London alone, there were 20,915 homes sitting idle for more than six months in 2015 – that is almost £12.4-billion-worth of empty property, in a city facing an extreme housing shortage.