Property News · March 9, 2016

Property service charges soar to average £2,777 per year for new-builds


Management companies are hiking maintenance charges and ground rent fees, according to insurer’s researchBuyers of apartments in new-build towers not only have to pay sky-high prices but also face soaring annual service charges that now average £2,777 a year, according to new research.Some of the worst service charges are found in new apartment blocks lining the River Thames in London, where residents will have to pay nearly £7,000 a year on a two-bed flat. Continue reading…

Source : theguardian.com
Read more…Property service charges soar to average £2,777 per year for new-builds

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