Property service charges have risen by an average of 52% in the last five years
Service charges surged as improved fire safety measures were introduced in the wake of the 2017 Grenfell Tower tragedy.
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Service charges have jumped by an average of 8.4% in the last year
'The value of flats where the service charge is disproportionate to the services on offer has come under downward pressure,' says Hamptons.
Number of property millionaires jumps by more than a third in five years
One in every 42 homes in Great Britain is now worth more than £1mn, suggests Savills - rising to one in 11 in London.
Average service charge bills jumped 11% last year
Service charges have outpaced inflation to become many leaseholders' biggest household bill after the mortgage, says Hamptons.
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