Construction News

21/02/2014

Rent Increase For NIHE Tenants

Social Development Minister, Nelson McCausland has approved a rent increase of around £2.56 per week for Northern Ireland Housing Executive tenants.

The 4.2% increase, effective from 1 April 2014, brings average rents to £63.46 a week excluding rates. Housing Executive rents are around £20 a week less than the average rent for similar local authority accommodation in England, £12 less than those in Wales and on a par with those in Scotland.

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While the average rents for local authority homes in Scotland are also lower than other parts of the UK, there is a wide variation between individual Councils and rents vary widely between different areas.

Rental income for the Northern Ireland Housing Executive needs to be sufficient to maintain accommodation at the standard expected by tenants and allow for adequate investment in the stock.

(CD/MH)

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