Property News · October 25, 2017

Profits dwarf 'meaningless' fines for London's buy-to-leave owners


Accidentally leaked data in Kensington and Chelsea reveals a total of just £85,000 in penalty fines last year across £500m worth of empty propertyThe gains to London property investors from leaving homes empty has far outstripped the penalties they face doing so, a Guardian investigation has learned. Owners of homes with a combined value of over £500m in the ultra-rich borough of Kensington and Chelsea were fined a total of just £85,000 for leaving them empty last year, a survey of vacant properties suggests. Continue reading…

Source : theguardian.com
Read more…Profits dwarf ‘meaningless’ fines for London’s buy-to-leave owners

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