Labour leader Jeremy Corbyn has renewed calls for the government to seize empty properties in London and end the practice of land-banking.
He is calling on the government to consider using compulsory purchase orders to reclaim vacant properties throughout the Capital.
Corbyn made his call as he criticised the official response to the Grenfell Tower tragedy which has left hundreds homeless in one of London’s most affluent boroughs – Kensington and Chelsea.
Government figures show that the borough had 1,399 empty homes in April which are worth a whopping £664m.
Speaking on ITV’s Peston on Sunday Corbyn said: “There are a large number of deliberately kept vacant flats and properties all over London – it’s called landbanking. People with a lot of money buy a house, buy a flat, keep it empty.
“Occupy it, compulsively purchase it, requisition it, there’s a lot of things you can do.
“It’s all very well putting our arms round people during the crisis, but homelessness is rising, the housing crisis is getting worse. And my point was quite a simple one, in an emergency, you have to bring all assets to the table in order to deal with that crisis.”
Free Property Ad – Reach millions buyers & tenants
Mortgages – Find cheapest rates from 0.98%
Landlord tax – How to save £1000s using a company
Broadband & TV – Compare Sky BT Virgin & Plusnet
Gas & Electric – Save up to £600+ in 10 minutes