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Service charge for flat in Wales or England jumps by 11%
The Guardian
|February 10, 2025
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.
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 leasehold sector.
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.
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