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.”
