UK buyers struggle while 50,000 homes sit empty, study finds

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LONDON, UK. June 25th 2025 – As the UK housing crisis deepens, new analysis by Open Property Group exposes a worrying surge in so-called “zombie homes”- properties that sit unoccupied and deteriorating while millions struggle to access affordable housing.

Key insights:
  • 50,000+ long-term vacant homes in England alone 23,000+ of these have been empty for more than two years
  • Estimated £13.6 billion in total capital tied up in long-term vacant housing
  • London boroughs and northern post-industrial towns have some of the highest concentrations of zombie homes
  •  Open Property Group has seen a 60% increase in enquiries from sellers of neglected or inherited homes in the past 12 months
The company’s review of official government figures and internal case data estimates that over 50,000 residential properties across the UK are currently vacant and effectively uninhabitable, locked in probate, legal limbo, or left abandoned by absent owners or investors.

While buyers contend with skyrocketing rents and limited supply, tens of thousands of homes lie idle. This mismatch, according to Open Property Group, reflects a systemic failure in how underused housing stock is tracked, taxed, and reintroduced to the market.

Jason Harris-Cohen, Director of Open Property Group, commented:
“While first-time buyers and renters are being priced out, we’re seeing a silent stockpile of empty homes quietly decaying across the UK. Many are caught in probate delays, legal disputes, or simply ignored by owners who don’t want to deal with maintenance and tax penalties.”
He added:

 “ These figures are a stark reminder of the inefficiencies in our housing system. With over 50,000 homes sitting vacant, and more than 23,000 empty for over two years – it’s clear that valuable housing stock is being left to deteriorate while demand continues to soar. The £13.6 billion in tied-up capital represents both a financial and social loss at a time when affordability is at a breaking point.”


At Open Property Group, we’ve seen a significant rise in enquiries from people inheriting or struggling with neglected properties. Many are unsure how to proceed or are overwhelmed by the time, cost, and legal complexity involved. That’s where we come in, as a cash house buying company, providing a fast, professional route to unlock and repurpose these ‘zombie homes’ so they can re-enter the market and become homes again.”
  
“We urge local authorities and policymakers to go further — improve probate efficiency, enforce council tax penalties, and offer real incentives to bring unused properties back to life. Reintroducing even a fraction of these homes could ease pressure in the system and provide hope to many looking for somewhere to call home.”

ENDS

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