There are many reasons why a property might lay empty, whether it’s a holiday home, an investment or it’s simply waiting for new owners/tenants. But as many countries around the world struggle to provide affordable housing, the thought of millions of homes sitting empty is a frustrating one for many.
In recent years the number of empty houses in Australia, and other desirable countries around the world, has been increasing. Assured Removalists Sydney spent a few weeks completing some extensive data research and found the following: The Australian Bureau of Statistics found that 11.2% of properties are now unoccupied in Australia, up from 9.8 per cent in 2006. That’s over a million vacant properties across the country, the equivalent of the entire housing stock of Latvia.
But Australia isn’t alone when it comes to it’s empty homes problem. In the UK the number of empty dwellings is at its highest level for 20 years. In fact, according to the Guardian, more than 11 million homes lie empty across Europe – enough to house all of the continent’s homeless twice over.
The growing number of empty homes around the world has even forced some governments to step in. In Melbourne the Victorian Government introduced a “vacant house tax,” which taxes owners of vacant homes 1% of the property’s value if the dwelling is empty for more than 6 months. Vancouver, Canada also introduced a similar tax to help reduce their number of vacant properties. But what other countries are having an empty house crisis?
We’ve researched the number of empty dwellings in twenty different countries around the world and some of the findings are shocking.
Obviously, as the biggest country featured in the research, the US has the highest number of registered empty dwellings estimated to be over 17.5million, that’s almost twice the entire housing stock of Australia. Spain, as a leading holiday hotspot, also has a high number of empty homes estimated to be around 7.1 million, just slightly more than Italy which has 7.07 million. In fact, of the 20 countries featured, the total amount of registered empty homes was over 32.5 million!
Clearly empty properties contribute to the global housing shortage, but just how many empty homes are registered where you live?
Take a look at our graphic below to help put into context just how many properties lie empty where you live.
The 20 countries featured were the top ranking countries from Mercer’s 2017 Quality of Living Rankings. Singapore due to it’s unconventional housing model and subsequent lack of data, was replaced with the next highest ranking country Portugal.
All data sources can be foune here: http://bit.ly/2zcO3ks