Skip to content
Monday 27 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,789.49
+0.50%
DAX
25,438.28
+1.35%
CAC 40
8,433.45
+0.73%
STOXX 50
6,347.61
+1.06%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Wednesday 03 February 2016 12:02 pm

Government to force councils to reveal empty properties as part of housing push

By: Kasmira Jefford

Add as a preferred source on Google

Local authorities are to be forced to publicly disclose all the properties they own as part of government plans to make better use of public sector land and build more homes.

Speaking at the Government Property Conference this morning, Cabinet Office minister Matthew Hancock said that through the Housing and Planning Bill councils will be required to publish information on buildings such as offices and shops that have stood empty for longer than two years.

They will also have to list homes that have been empty for more than six months and explain why.  The move is aimed to boost transparency and help councils make savings by freeing up more public sector land.

His speech at the Queen Elizabeth II conference hall in Westminster marked the release of the government’s latest State of the Estate report, which revealed government departments have saved £842m over the past year by selling empty buildings and exiting expensive rentals.

Its total estate has shrunk by 22 per cent since 2010, according to the report, freeing up 2.4 million square metres of space – equivalent to the entire principality of Monaco – and raising £1.8bn in capital receipts. 

As a result, the number of property holdings has fallen below 5,000 for the first time. However the government still owns 8.3m sq m of property, down 3.1 per cent over the year, which costs £2.7bn to run. 

Hancock also told councils at the conference that the government will also push to reduce its total number of offices by 75 per cent before 2023 – from from 800 to 200 offices – as part plans to save over £2bn over the next 10 years.

Hancock said: "We have a laser focus on cutting the deficit, supporting growth and providing more houses. To that end, we’re determined to release property the government no longer needs and get out of expensive rentals that aren't offering value for money.”

In November's Autumn Statement, the chancellor George Osborne pledged to release £4.5bn of government land and property to make space for 160,000 homes. A new central body will be in operation by April 2017 to manage the estate just as a commercial company would and to ensure the government achieves the best value from selling properties. 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics

Categories

  • Markets

Trending Articles

  • Wise denied US banking licence in blow to expansion plans

  • Housebuilder hits a wall: How did Vistry become the UK’s most shorted stock?

  • Scotland’s tax hike may have backfired as receipt falls

  • Bank regulation, not austerity, explains why Britain is poorer than America 

  • Volkswagen California 2026 review: plenty of room at the Hotel California

More from City PM

  • Housebuilders urge Rayner to ‘hit the ground running’ and rip up planning red tape

    Property
    Angela Rayner, Deputy Leader of the Labour Party, smiling in glasses at an event with camera crew and lighting
  • Housebuilder hits a wall: How did Vistry become the UK’s most shorted stock?

    Property
    Construction workers in hard hats and high-vis jackets on scaffolding around a Vistry housing development.
  • Would a Burnham premiership deepen the North-South housing divide?

    Property
    Andy Burnham returns to Parliament
  • Which shadowy MoD figures are blocking London’s secret new town?

    Opinion
    Northolt airfield runway with military aircraft in the background under a clear sky, highlighting aviation activity and in...
  • London doesn’t need more social housing, it needs more housing full stop

    Opinion
    Luxurious mansions surrounded by manicured gardens in an upscale residential neighborhood, highlighting opulent housing tr...
  • FTSE 100 property giants urge Burnham to unleash London office construction

    Property
    Skyline of Canada with iconic financial district buildings, highlighting UK investments and economic growth.
  • All England Club slap down wealthy Indian Jindal over Wimbledon empty seat post

    Sport Business
    Business professionals discussing strategy in a modern office setting with charts and laptops on a conference table.
  • Burnham backs higher defence spending but rules out ‘crude’ welfare cuts

    Politics
    Andy Burnham
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook