The Liberal Democrats have announced that they would allow Sutton Council to increase council tax by up to 500% on homes that are left empty long-term, helping to address critical shortages in accommodation.
The latest Government statistics show that there were 686 homes left empty long-term in Sutton in 2018.
In response, and as part of its plan to alleviate the housing crisis, the Liberal Democrats would legislate to allow Sutton to increase council tax on empty properties. Revenue generated would then be reinvested in local services and new home-building projects.
Tom Brake, Liberal Democrat Candidate for Carshalton & Wallington, said:
“As house prices continue to rise, people across Sutton are worried about the lack of genuinely affordable homes, with the first rung of the property ladder too often out of reach. The shocking rise in the number of empty homes has only made things worse.
"Some owners are treating these properties as financial assets, rather than a place to live. This has a really damaging impact on local people, who are then priced out of the housing market.
"The Liberal Democrats will fix the housing market and tackle the issue of empty properties. We will ensure that homes are homes, not investment opportunities, delivering a brighter future for our country.”