Hundreds of buildings have been brought back into use and over 拢10 million has been raised for council services thanks to new tax-raising powers adopted by the council.
Since 1 April 2024, to Scottish Government legislation, a 200% Council Tax charge has been applied to second homes. At the same time, non-domestic rates relief on empty commercial properties has been capped at three months.
The move has encouraged the occupation and active use of at least 206 commercial properties and 52 homes, helping to stimulate the local economy and lived in homes during Edinburgh's Housing Emergency.
Finance and Resources Convener, Councillor Mandy Watt, said:
By making these changes, we're not only raising millions of pounds for the council at a time when we face huge financial challenges - we're successfully encouraging property owners to bring buildings back into their proper use.
It is well known that Edinburgh faces a chronic shortage of housing, which led us to become the first city in Scotland to declare a housing emergency. it is in the whole city’s best interests to allow those who have more than one home to contribute where they can towards addressing this crisis and supporting their local services.
Likewise, I’m pleased to see our new rate relief policy working well. It’s about enhancing communities, stimulating the economy and putting underused buildings to better use. Some of these properties have been empty for years and under the previous regulations owners didn't have to pay rates.