Market rate for rental

Published on: 20 March 2023

Question type: Written

Asked by: Robert Ward

Reference: WQ.109/2023

Answered by: David Warr

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WQ.109/2023

WRITTEN QUESTION TO THE MINISTER FOR HOUSING AND COMMUNITIES BY DEPUTY R.J. WARD OF ST. HELIER CENTRAL

QUESTION SUBMITTED ON MONDAY 13th MARCH 2023

ANSWER TO BE TABLED ON MONDAY 20th MARCH 2023

Question

Will the Minister provide details of his benchmark figure for 80% of market rate for rental of –

a studio flat;
one-bedroom flat;
a two-bedroom flat;
a two-bedroom house; and
a three-bedroom house?

Answer

The Minister for Housing and Communities does not set benchmark figures for the 80% market rate for rental of the property types/sizes referenced in the question.

The social housing suppliers are subject to the Social Rents Housing Policy, which caps social rents at up to 80% of the market rate, and they ensure that the rents they charge comply with the social rents cap.