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Buy-to-leave? - Property Investor report

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Notes: 

A detailed examination of the facts and myths around Buy-to-Leave with somewhat over-optimistic conclusions.

Buy-to-leave research report

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CLG-funded research into the buy-to-leave-empty phenomenon.

Unlocking the potential reports - project cost

in

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Shows that it cost CLG over £127,000 to get KPMG to produce the two "Unlocking the Potential" reports on empty homes a sum that could have kep NAEPP running for 15 years without anyone needing to pay membership fees.

News summary week ending 2010-03-07

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NAEPP Exec Papers - Meeting of 2010-02-24

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Papers relevant to the NAEPP Executive Meeting  24/02/2010

NAEPP Executive Sub-Committee membership

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List of Sub-Committees of the Executive and their membership.

NAEPP Executive decisions by email - voting record

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Lists Executive decisions made via email and the votes cast.

EDMOs and human rights - Parliamentary written answer March 2010

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Highway Agency empty homes - Parliamentary written answer March 2010

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This identifies the rent lost through keeping Highways Agency properties empty. Also indicates the capital value of the homes involved.

London Housing Strategy 2010-?

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Empty homes does not feature in the Mayor's introduction to this Housing Strategy, nor in Government's repsonse to the strategy, although rough sleeping is highlighted in both.  However, the Strategy does containe extensive reference to empty homes (36 mentions counted).  Section 2.3 contains the Mayoral vision to "deliver anf maintain a reduction in the number of long-term empty and derelict buildings - transforming these into homes for Londoners".

The key objective is to reduce the number of long-term empty dwellings to 1% or less of dwelling stock.  The current figure is 1.1% - so a reduction of 0.1% overall - or perhaps more usefully a 9% reduction in the total number of long-term empties. It will be interesting to see whether the figures are derived from CTB or HSSA returns and what the un-rounded figures are.

Interestingly, the audit of empty homes being co-ordinated by the London sub-regions is of homes empty for more than 1 year - a perhaps more practically useful defintion of a long-tem empty home. (NAEPP monitoring guidelines currently refer to 3 periods - under 6 months, 6 months to 2 years, and over 2 years.)

Boris seems to have gone native on EDMOs: "Where other measures fail, the Mayor encourages boroughs to use their powers of enforcement through legal sanctions, including the use of Compulsory Purchase Orders and EDMOs."  Boris obviously grasps what bringing longer-term empty homes back into use involves.

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