When it comes to land banking, the Government itself is one of the biggest culprits The Ministry of Defence owns 849,000 acres of land – enough for 4.25m family homes Retention of unused state property is as bad as wasteful public spending Source CApX - 30/05/22 Link Politicians are often keen to blame others for the housing shortage, whether it’s young people spending too much money on Netflix and avocado toast, buy to let landlords, second home owners, or that hardy perennial – immigrants. Another favourite is to blame the property developers (especially, of course, those villains the ‘overseas property developers’) for buying up land and sitting on it in the hope it’s value will rise as demand for housing inevitably outstrips supply. But when it comes to ‘land banking’, the real culprit is the Government itself. State land banking exists on a gargantuan scale. Last week the Ministry of Defence published details of its land holdings. It owns 849,000 acres – t...