果冻影院

The paper, entitled 鈥樷��, has just been听published by Palgrave Communications and . Its author, Jonathan Bourne, is currently studying for a PhD at 果冻影院-Energy on cascading failure and power grids.

While homes across the UK have undoubtedly become less affordable over the last 20 years, as measured by the ratio of house prices to earnings, the causes are still subject to debate. One reason may be the increased use of housing as speculative investment, hence the aim of this paper:听to investigate听the听correlations between unoccupied properties,听affordability and levels of tourism across different geographic areas in the UK.

Bourne used data obtained under Freedom of Information legislation from 112 local authorities to calculate statistics related to empty homes across England and Wales. Among other findings, he shows听that听39鈥�47% of the population live in an area where low-use property is, on average, more expensive than property occupied by a full-time resident.

In conclusion, the paper suggests that where housing is least affordable, building more homes may be less effective at increasing the supply than an 鈥榚mpty homes tax鈥� aimed at reducing demand for investment properties. According to Bourne, such a tax would have 鈥渢he potential to generate a not inconsiderable income for local authorities, whilst taxing people who are typically not eligible to vote in local elections, or encouraging them to rent out their properties.鈥�

More information

• See Jonathan Bourne's PhD profile

Image:听Photo by听听辞苍听听