Service charges soar as leasehold sector under spotlight again
Summary
The article highlights renewed scrutiny of the leasehold sector, noting that service charges are rising. It also states that there are almost 5 million leasehold properties in the UK, underscoring the scale of the tenure affected.
Why it matters
Leasehold service charges can materially affect property values, buyer affordability and the accuracy of surveyor commentary on ownership costs. Surveyors may also encounter increased client concern and scrutiny around lease terms and ongoing charges.
Key points
- Service charges in the leasehold sector are increasing.
- The leasehold sector is back under the spotlight.
- There are almost 5 million leasehold properties in the UK.
Locations:
UK
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