Hammersmith & Fulham Council is to introduce a premium on council tax for properties left empty for more than two years.
The Empty Homes Premium was agreed at a council meeting on January 28, where it was explained that the 150% charge would act as an incentive for property owners to bring so-called ‘buy-to-leave’ properties back into use.
A similar scheme has already been introduced over the last two years in 18 other London boroughs, and the Mayor of London has encouraged all councils in London to introduce the premium.
H&F Council’s Cabinet Member for Finance, Cllr Max Schmid, said: “We are in the middle of a housing crisis, so it is critical that the council does all it can to free up housing supply in H&F. This initiative contributes to our objective of putting the interests of local residents before those of overseas property speculators.”