AQW 5497/22-27


Ms Kellie Armstrong
Alliance Party
Strangford


Tabled Date: 05/02/2024
Answered On Date: 20/02/2024
Priority Written: No


Question:
To ask the Minister for Communities to outline (i) the average percentage increase in rents; and (ii) the average total increase in rents for each year between 2014-2024 for social homes owned by the Housing Executive.


Answer:
In January 2024, my Department approved the 2024/2025 rent increase for NIHE homes of CPI+1%. This is equivalent to an increase of 7.7%, £5.72 per week.
The average increase in rents each year, 2014/15 to 2024/25:
YEAR
% RENT INCREASE
AVERAGE RENT (£)
AVERAGE RENT INCREASE (£)
2014/15
4.2
63.52
2.64
2015/16
4.85
66.60
3.08
2016/17
0.0
66.60
0.00
2017/18
0.0
66.60
0.00
2018/19
0.0
66.60
0.00
2019/20
0.0
66.60
0.00
2020/21
2.7
68.39
1.79
2021/22
1.5
69.41
1.02
2022/23
0.0
69.41
0.00
2023/24
7.0
74.24
4.86
2024/25
7.7
79.96
5.72