Vacant property has been a source of negative publicity recently due to the increasing housing shortage and land banking. Recent data shows that currently in the UK, 172,217 commercial properties stand empty, with 445,310 residential homes remaining vacant. These properties have become a magnet for anti-social behaviour, vandalism, arson, fly-tippers and thieves.
A vacant property can be very difficult to insure comprehensively, with owners still having to provide a duty of care for the health and safety of trespassers, even if they are there illegally.
There are many reasons for a property standing empty, ranging from Brexit to the collapse of construction company Carillion. The length of time these properties are empty vary with most remaining vacant between 6 months – 2 years.
The uncertainty surrounding Brexit has negatively impacted the UK property market over the last two years. According to RICS (Royal Institution of Chartered Surveyors), the UK property market fell to its lowest level in almost a decade, with around 50% of surveyors reporting that sellers and buyers were sitting tight because of political uncertainty.
SPS Security can assist vacant property owners to comply with building insurance requirements by providing a number of security services such as; Property Inspections, Manned Services, Response Services, Key Holding, Temporrary Intruder Alarms and Fire Alarm Installation. Many insurers will insist on vacant properties being inspected a minimum of once per week as part of their insurance policy.
We offer a cost-effective vacant property security service which provides protection from a variety of threats. No worries, no stress, simply peace of mind which allows our clients to get on with other aspects of their business and life, knowing their empty buildings are being taken care of by experts.
One of our clients from Scotts property based in Hull said:
“We have been very pleased with the standard of service from SPS regarding vacant property inspections. The reports are consistently detailed and offer good value for money.”
For more information on how we could help you with your vacant property, get in touch with us today.