Episode Details

City centre apartment prices in Manchester have crashed by nearly $74,000 in two years, leaving leaseholders trapped in unaffordable homes burdened by skyrocketing service fees and ground rent. Many flats are now virtually unsellable, with some residents facing tens of thousands in debt. Critics blame the flawed leasehold system, where owners pay massive maintenance and insurance costs without owning the land. Estate agents are refusing to list affected properties due to cladding and upkeep issues. But hope is on the horizon: the government plans to ban new leaseholds, cap ground rents, and enforce greater transparency on service charges starting in 2027, giving leaseholders more power to fight unfair fees. For now, the dream of city living has turned into a financial nightmare for thousands.

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