Are you in a regeneration hotspot?

Are you in a regeneration hotspot?

The UK’s regeneration hotspots have been revealed, which is good news if you’re in the market for redevelopment projects.

Research by Glide has shown that Birmingham is the council area with the most opportunities for regeneration for investment in empty residential and commercial properties.

Collectively, across both categories of building, in the month of September 2019 there were 617,527 empty buildings across the UK. Of those councils which held the information, Birmingham had 8,086 empty residential properties and 7,622 empty commercial buildings.

In second place was Liverpool, where 15,339 buildings are currently not occupied, with Manchester, Leeds and Bradford also ranking highly.

 

Empty residential properties

Empty commercial properties

Total

1

Birmingham City Council

8086

7622

15,708

2

Liverpool City Council

11073

4266

15,339

3

Manchester City Council

10531

4003

14,534

4

Leeds City Council

8331

4528

12,859

5

Bradford Metropolitan Council

2610

7908

10,518

6

Durham County Council

7330

1573

8,903

7

Bristol City Council

6403

1742

8,145

8

Cheshire West and Chester

5860

1897

7,757

9

Sheffield City Council

5063

2610

7,673

10

Cornwall Council

5795

1662

7,457

 

Liverpool has the highest number of empty residential properties, with 11,073 sitting unoccupied, while the study revealed that there are a total 448,246 empty dwellings in this sector across the country – and that the top five cities account for 10 per cent of the total number of vacant homes.

A spokesperson from Glide said: “The research has revealed the high number of empty properties and businesses across the UK, particularly across some of the major northern council areas.

But whilst it is troubling to see so much wasted residential and commercial space, it does represent a clear opportunity for developers, and hopefully this study will help prospective investors pinpoint where there is the most potential for growth.”

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