Housing is in the news - conditions, safety, shortages, rip-off rents, and rogue landlords. In Portsmouth, a city with a housing shortage, local tradespeople are talking openly about ‘600 student houses’ in the city lying empty this academic year. It’s certainly true that in my area many are unseasonably untenanted and hushed. It’s probably a relief for some beleaguered neighbours, and ought to be a welcome source of additional Council Tax revenue for the the Local Authority given that the landlords are liable to pay up to a city facing severe austerity cuts. Significantly, the terraced houses once let to students aren’t empty because of the huge ongoing building programme of privately built student ‘Halls’. This is not a policy victory. It’s a market failing. These ‘Halls’ supposedly have vacancies too, not least because of the eye-watering costs of renting them for students already dependent on scarily huge loans.
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