Tackling empty homes 2025-2030 - Benefits of returning empty properties back into use

Empty properties represent an untapped resource that affects both the community and property owners. There are many positive outcomes when these vacant properties are brought back into use. These include:

• contribution to housing supply and reduction of homelessness
   
• diversification of housing types to meet residents’ needs reduction of unsightly properties that can blight an area
   
• mitigation of antisocial behaviour, such as fly-tipping and vandalism. preservation of neighbouring property values by avoiding neglect in the vicinity
  financial incentives for local authorities through programmes like the New Homes Bonus
   
• potential financial benefits for owners (e.g. rental income) and reduced liabilities (e.g. Council Tax and utilities)
   
• application of an empty homes’ premium for properties vacant for two years or more, with charges increasing over time
   
• environmental benefits through efficient use of existing housing stock, leading to carbon savings