Rent increases confirmed for 2024/25
On 4th January, the Regulator of Social Housing (RSH) published new ‘rent limit guidance’ confirming the process by which social housing rent increases will be regulated for the 2024/25 financial year.
This means that social housing rents will be able to rise by the rate of Consumer Price Inflation (CPI), taken from the previous September, plus 1.0%. In September 2023, the CPI rate was 6.7% meaning that rent levels can increase by no more than 7.7% from April, unless an exemption is granted directly by the RSH to an individual Registered Provider.
This approach differs from that taken for the 2023/24 financial year when the government imposed a one-year rent cap, limiting any rental increases to 7.0%. This was part of a wider package of financial support to assist those with the rising cost of living.
The full rent limit guidance for 2024/25 can be found here.
