Thursday 12 October 2017

Government Announces Rent Settlement

The government has announced that social housing rents will rise by the consumer price index plus 1 per cent from 2020 to 2025. The confirmation is a return to the previous rent settlement which was meant to run from 2015 to 2025 but was replaced with the four year rent cut. Government said at the time of the rent cut that it would reinstate the CPI+1% formula after 2020, but there have been fears of a further reduction or change to the agreement.  Read more on the Social Housing website.

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