Mar
23

Kensington & Chelsea Has Almost 700 Empty Homes Despite Levy

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An attempt by the U.K.’s most expensive borough to penalize homeowners who leave properties empty isn’t having much impact.

More than 690 homes in London’s Kensington & Chelsea have been left vacant and unfurnished for more than two years, despite the introduction of a 50 percent levy on council tax for affected homes. That’s up from 660 in April 2015. The highest council-tax rate in the borough is almost 2,100 pounds ($2,620) a year…

Kensington & Chelsea Has Almost 700 Empty Homes Despite Levy

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