Rent increase consultation for 2024/2025 YOU L HAVE UNTI
TH NOVEMBER 1 1 RE YOUR
Each year we need to talk to you about the rent we are considering charging for the following year and how we intend to continue to provide services and carry out the improvements we need to make to your home.
TO SHA HTS THOUG
Over the past few years things have been very challenging for many of you thanks to the rising cost of living. This has added a financial pressure on WSHA and other similar landlords too. Continued rising costs mean that we need to increase the rent we charge you from 1st April 2024 to be able to continue to deliver services and improve homes. In previous years we have limited the impact of rising costs on our tenants and to keep rents affordable, and we will continue to do so. This also needs to be balanced against our costs. Over the past 4 years we did not increase rents two years in a row and the rent increase has been lower than our neighbouring landlords, the national average and the Consumer Price Index (CPI). Continued rising costs to us means that we need to increase the rents for next year. From the 1st April 2024 we are proposing a rent increase of 5.5%.
How much did the rents increase in previous years (%)? Whiteinch and Scotstoun
Landlord 1
Landlord 2
Landlord 3
Scottish average
CPI
2023
3
7
4.9
5.9
5.34
*6.7
2022
1.9
2.6
5.1
2.5
3.3
10.1
2021
0
1
1.2
0.5
1.2
0.3
2020
0
2.2
2.2
2.5
2.4
0.4
(*please note, this relates to August 2023 which is the most recent data available at the time we produced this.)
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