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Squatters take over £30 million Park Lane mansions

It has been revealed that two empty mansions on Park Lane London, with a combined value of over £30 million, have been taken over by new-age squatters. There are serious concerns that squatters will be forced to look at vacant properties around the UK as the economic crisis continues to hit the UK public hard. It would appear that the group, which is growing by the day, obtained entry to the properties via an open cellar door and have well and truly made themselves at home.

With literally hundreds of thousands of homes empty in the UK the potential for squatters to target such properties is on the increase. This is a serious problem for both property owners and banks with repossessed properties because once the squatters have access to the properties it can be very difficult and very costly to evict them.

The properties in question on Park Lane are owned by the Duke of Westminster's Grosvenor Estate although the lease-holds for the two properties are held by separate companies which would be in charge of any eviction attempts. It will be interesting to see how the courts react, as and when such eviction notices are served, and what "squatters rights" are deemed to be appropriate.

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