Skip to content
Subscriber Only
Business
Pursuits

London Skyline Planner Sees Empty Homes Hurting City

Overseas buyers of London apartments who leave them vacant are hurting the city’s economy by making it too expensive for people who come to the capital to work, former City of London planning officer Peter Rees said.

“They’re buying those apartments, furnishing them, locking the door and leaving them empty,” said Rees, 65, who left his post last week after 29 years in charge of planning. “Large parts of London are becoming ghost towns and a lot of the young people who come to work here can’t find anywhere to live.”