Streaming Now
Facebook

Public sector rents on Isle of Man to rise by 2%

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

 


 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed