Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Welsh arm of housing body says if rent caps were to be introduced, they should be linked to local income instead of property prices
The Chartered Institute of Housing Cymru has argued that rent caps should be linked to local income to ensure more households can afford the rent levels set.
In response to the Welsh government’s consultation on housing adequacy and fair rents, CIH Cymru said that housing affordability should be linked to income, based on the gross weekly pay for an employee on minimum wage, working full-time, i.e. the 25th quartile of earnings.
CIH Cymru’s response to the consultation said “it does not seem equitable to base rent caps on property prices, as rent caps are designed to improve the affordability of rent”.
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