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 folks leaving London between Q1 and Q2 2025.
The variety of empty houses factors to the rich parking their money within the type of the precious actual property. In the meantime some sellers have been accused of asking for unrealistic costs in at present’s slower market.
The Metropolis of London, Westminster, and Kensington and Chelsea every have over 25% of their properties at the moment unoccupied.
Dave Sayce, co-founder and managing director of Examine My Transfer, mentioned: “The property market is at the moment preventing again towards the inflated value of central London.
“Not solely is there a rise in folks 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 common value of its property drop 36% since 2018.
“Until costs drop considerably, these houses aren’t viable for the common particular person to purchase. That means London goes to remain a ghost city till we see a drastic change.”
