Mine are up >50% since 2018, that’s despite gaining no new services and work on the building being put on hold due to it not being essential. The fact that it’s a relatively new build (about 12 years old) is almost irrelevant as construction is shoddy.
Putting new buildings up is only part of the problem, the entire system is fucked.
https://hoa.org.uk/advice/guides-for-homeowners/i-am-improvi...
The replacement was done so poorly that panels come loose and we have to request the building management company sort it out.
If it's building insurance hikes, for fucks sake it should not be allowed to roll these over to the renters - they have had zero say in shoddy construction, the developers should be the ones held liable.
Hell, my building recently lost it’s fire safety certificate because one guy decided to scam the system which has caused a ton of knock-on impact for owners looking to move out.
Why should the owner of a unit be expected to absorb the cost? It isn't like they chose the cladding.
People obviously do go after the developers but it isn't like they are picking and choosing from materials lists during construction either.