England has 200,145 long-term empty homes which have a combined value of more than £43bn, according to research by Property Partner.
It said that in London there were 19,845 homes sitting idle for more than six months in 2016, the equivalent of £9.4bn, assuming an average price of £474,704.
Birmingham was the worst performer outside London, with 4,397 properties sitting empty with an estimated total value of £956m. Meanwhile, Manchester has seen the greatest fall over a decade, dropping by 88% to 1,365 empty homes. This is roughly the same as prime London hotspot Kensington & Chelsea, with 1,399 empty homes, at an estimated value of £2bn.
Property Partner analysed the latest data from the Department for Communities and Local Government looking at long-term vacant dwellings in England between 2005 and 2016.
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