Public sector rents set to rise by 5% from April

Public sector rents are set to rise by 5% from 7 April, the Department of Infrastructure has confirmed.

The move would see a weekly increase ranging from £3.71 for a one bedroom flat to £7.71 for a four bed house.

The department said the decision had been made in consultation with the island's 15 local housing authorities and will apply to more than 6,200 public sector homes.

Infrastructure Minister Michelle Haywood said developing and maintaining the housing stock while "balancing concerns around affordability" had been key considerations.

The government said that housing authorities faced the "challenge" of providing affordable properties while accommodating the "high cost of services" such as planned and capital maintenance.

The change also sees an increase in the rental income that providers are able to use on maintenance, which is rising from 30% to 32.5% as well as administration from 6% to 7%.

The latest rise follows on from a 7.5% hike in 2024, which was the biggest implemented by the department in more than a decade.

The move would see the weekly rent for a one bedroom flat increase to £77.96, with a two bedroom home going up by £5.47 to £114.87.

Those in three bedroom houses would pay £131. 60 a week, up by £6.26, with those in a home with four bedrooms paying £162.05.

The government said it would automatically re-assess the benefits of those who have their rent met by social security, and take account for the new rental costs.

Those who were struggling to meet their financial obligations have been encouraged to contact their housing provider, who may be able to assist with a housing repayment plan, the government said.

Tenants could also contact the social security division within the Treasury for advice on financial assistance that people may be eligible for.

Why not follow BBC Isle of Man on Facebook and X? You can also send story ideas to [email protected]