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Council gets tough on buy-to-leave

Islington Council has put forward proposals that could mean fines or jail time for property investors who leave homes empty while they make money from price rises.

The council would use planning powers to stipulate that new homes would not be left unoccupied or unused for more than three months, with the requirement that they be occupied for at least 14 days in any three-month period.

The proposals go for consultation on Monday.

The Guardian 7

 

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