Reasons why a property may be empty

There are many reasons why a property may be empty, below are some of the most common reasons:

  • Properties pending a change of owner

  • Owners lack information on options available to bring properties back into use

  • Properties left empty because the owner has moved into residential care

  • Delays or disputes in the administration of the estate where the owner has died

  • Perceived problems with renting the property

  • Owner awaiting further increases in the market before selling

  • Cost of renovation can be higher in older long-term empties

  • Owners are unaware that they own a property or live elsewhere

  • Property companies and owners land-bank properties

  • Covenant restricting type of use of the property