The number of properties left vacant has risen for a second year running as Britain’s housing crisis continues to intensify.
There are now 216,186 empty properties in the UK as the last two years have seen an end to the decade-long fall since 2008.
This year saw a 5.3 per cent jump in the grand total up to October 2018, which modular homes provider Project Etopia estimated to be worth £53.6bn in today’s housing market.
The scandal of empty homes at a time when so many are finding it difficult to access accommodation is just one reason why pro-growth tax is needed
They identified the biggest rises in Portsmouth, with a 101.5 per cent increase to 939 vacant homes, while Birmingham had the highest volume in the UK with 4,283 homes.
Failing to make use of the housing stock we already have is of crucial importance to end the housing crisis. A failure to build social housing, particularly social rent homes, has seen mounting queues as well as up to 320,000 people placed in temporary accommodation or even left homeless, according to Shelter figures.
But homes left in disrepair or wealthy home owners who have left second homes empty to accrue values are exacerbating the problem and that’s why the Residential Landlords Association are among many campaigners to call for taxation to discourage this.