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Mon, 29 Nov 2021
Public sector rents in the Isle of Man are set to rise by 2%, with effect from April next year.
The revised charges have been announced by the Department of Infrastructure following consultation with the Island’s 15 local housing authorities.
Infrastructure Minister Tim Crookall MHK said: ’The rising cost of maintenance is a concern for the local authorities and the Department as a whole, especially the housing team. The cost of materials for use in both general repairs and redevelopment projects continues to increase and provision must be made to accommodate this trend.’
Tenants who have their rental costs met by the Government as part of their income-assessed Social Security benefits will not be affected by the change.
|
Property type |
Average weekly rent for 2022/23 |
Approx. increase to average rent |
|
1 bed flat |
£65.87 |
£1.29 |
|
2 bed house |
£96.93 |
£1.90 |
|
3 bed house |
£111.05 |
£2.17 |
|
4 bed house |
£136.75 |
£2.68 |
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