HC Deb 16 June 1981 vol 6 c350W
Mr. Ray Powell

asked the Secretary of State for Wales what would be the economic rent of new council houses built between October and December 1980 at an average cost of £17,065, excluding the acquisition of land.

Mr. Wyn Roberts

On the basis of average maintenance and management costs and the average prevailing Public Works Loan Board quota interest rate it is estimated that the economic rent of a new council house built between October and December, 1980, at a capital cost of £17,065, would be about £48.40 per week over the life of the dwelling.