Average service charges are now above £2,000 in every region of England for the first time, said the estate agent Hamptons, which compiles an index that calculates the average annual bill for the 5.4 million leaseholders of flats in England and Wales.
Average service charge for flat in England and Wales hit £2,300 last year Annual rise of 11% is likely to fuel fresh calls for Labour to accelerate overhaul of scandal-hit leasehold sector.
Last year’s average service charge increase was the biggest annual rise since the firm began its index in 2016.
The increase – the biggest for at least eight years – means that for many their service charge is their largest household bill after their mortgage, and may fuel fresh calls for the government to accelerate an overhaul of the scandal-hit leasehold sector.
The average annual service charge for a leasehold flat in England and Wales has jumped by an inflation-busting 11% to £2,300, according to data.
