Rent squeezePosted: February 19, 2014 | |
Why is there so little debate about the fact that social housing rents are set to rise so much faster than prices and earnings?
Figures out this week from the ONS show that CPI inflation rose 1.9 per cent in the year to January and average earnings rose just 1.1 per cent in 2013. Earnings have now been falling in real terms since 2010, the longest period forat least 50 years.
And yet all around the country social landlords are preparing to increase their rents by at least twice the rate of inflation, and many times more than earnings, according to recent surveys by Inside Housing.
Read the rest of this post on Inside Edge, my blog for Inside Housing