The Chartered Institute of Housing has welcomed the Welsh government’s announcement yesterday to extend the rent settlement, stating that it will offer stability and certainty for the sector.

In a written statement yesterday, cabinet secretary for housing, local government and planning, Julie James MS, announced that the Welsh government’s rent and service charge standard will be extended to the end of March 2026.

This means housing associations and councils will be able to set their own rent increases in 2025/26, subject to September’s consumer price index + 1%, subject to CPI falling between 0% and 3%.