• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home Property

Barcelona tells landlords: Find tenants or we will rent your property as affordable housing

This is how to deal with unscrupulous landlords.

Jack Peat by Jack Peat
2020-07-20 11:14
in Property
FacebookTwitterLinkedinEmailWhatsapp

Barcelona is deploying an unorthodox strategy in a bid to increase the city’s available renting housing by forcing landlords to find tenants or else see their property being redeployed as affordable housing.

Last week the city’s housing department wrote to 14 companies that collectively own hundreds of empty apartments, warning that the city will take possession of the property if they haven’t found a tenant within the next month.

According to Bloomberg, the units would then be rented out by the city as public housing to lower-income tenants, while the companies in question could also face possible fines of between €90,000 and €900,000.

#AMQUICKIE

The city of Barcelona, Spain, is cracking down on lazy landlords who leave their properties vacant in the middle of a housing crisis.

If they don’t find tenants, the city takes over the property and rents them out to lower-income tenants – simple.#LEFTISBEST pic.twitter.com/ToTQwxJK97

— Majority Report (@majorityfm) July 17, 2020

Assets over essential resource

Much like London, Barcelona has been struggling with empty homes for some years.

Following a period of stagnation after the financial crisis of 2007 to 2008, some companies that own multiple properties made the call to sit on empty units until the market revived.

There has also been a tendency for companies to neglect their portfolios, thinking of them primarily as assets to be managed rather than an essential public resource.

London

Last year it was found that more than 22,000 homes sat vacant in London in 2018.

The worst ‘borough’ (although not technically a borough) for this was the City. Here, around 37.8 in 1,000 homes currently sit empty.

The overall average value of houses left vacant in London is £12.2 billion.

RelatedPosts

Maximise Your Rental Returns: Expert Tips to Enhance Your Property

From Blueprint to Security: Integrating Anti-Burglary Features in Office Building Plans

The Crown Estate and the Grosvenor Group: London’s Richest Landlords

Crafting Elevated Heritage: How Loft Architects Navigate Conversions in London’s Victorian Homes and Listed Buildings

Related: Brexit: Taking back control of things we haven’t lost & losing control of things we have

Tags: headline
Previous Post

Breakthrough coronavirus drug could prevent 80% of cases from worsening

Next Post

Video – Police must apologise for ‘knee on neck’ arrest, says lawyer

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

More from TLE

Lee Anderson says he was offered ‘a lot of money’ to defect to Reform UK

Whereabouts of more than 17,000 asylum seekers unknown to Home Office, MPs told

Algorithmic Trading – The Future of Forex?

Jenrick: Public sick of talk and want action on reducing net migration

How to prepare yourself to watch football live

Thunderball Results for Tuesday 28 November 2023

Labour must ‘work with rather than against’ unions – McDonnell

Maximise Your Rental Returns: Expert Tips to Enhance Your Property

European Union will be Labour’s first foreign policy priority, vows David Lammy

‘Sunakered’ trends following bruising PMQs for beleaguered PM

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




← Breakthrough coronavirus drug could prevent 80% of cases from worsening ← Video – Police must apologise for ‘knee on neck’ arrest, says lawyer
-->