Housing associations will be able to set rent increases of 5.1 per cent next year, increasing the sector’s turnover by more than £480 million pounds. The TSA has also told its sounding board, a panel of industry experts, that the current rent-setting formula for housing associations will remain until 2013. Rents will continue to be set using the September retail price index plus 0.5 per cent. RPI in September was 4.6 per cent, allowing a rent increase of 5.1 per cent. The rise will allow the sector to increase turnover by around £483.7 million, based on last year’s TSA global accounts for housing associations. Last year negative inflation of -1.4 per cent led to a rent cut of 0.9 per cent. Read more on the Inside Housing website.
No comments:
Post a Comment