Ramsey Town Commissioners

Town Hall, Ramsey, Isle of Man, IM8 1RT - Tel: + 44 (0)1624 810100

Tower

Commission seeks inflation increase for rents

Ramsey Town Commissioners have agreed to suggest a 2.5% increase in public sector rents for the 2019/20 rent year in line with current inflation rates. The matter was discussed at the Commissioners monthly public meeting held this week.

The Commission presently has a deficit of over £1.12 million on the operation of its 553 public sector houses, around £2,038 per house per year, which is met by Government grant, and resolved to seek an inflationary increase to ensure that allowances for maintenance and administration keep pace with rising costs.

In considering the matter Members were concerned that a zero increase could result in larger percentages being applied in future years, and felt that regular small inflationary increases were easier for tenants to manage than the larger uplifts which have been experienced in the past.   A 2.5% increase equates to an additional average weekly rent of approximately £2.60 for a three bedroom house.

The resolution was passed by eight votes to three, newly elected Commissioner Nigel Howard, together with Bill Hankin and Alby Oldham voting against. A final decision on the public sector rent increase will be made by the Department of Infrastructure who have sought the views of housing authorities.