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  The Embassy Gardens development in London’s Battersea offers buyers “a life like no other”. Its website features lithe young women relaxing at various on-site facilities, including a Jacuzzi, sauna and sky-high swimming pool. But it comes with unanticipated costs. One resident, who bought his flat in Embassy Gardens in 2015, said his service charge had increased 58 per cent since then to an annual charge of just over £6,500 (€7,570). “It just feels like I am a cash cow in my own home,” he added. “I am liable for a service charge that goes up 10-15 per cent per annum and I cannot reduce or opt out of it. I don’t think I will ever buy leasehold again.”

United kingdomCity ofJames walkerKarryn beaumontAudrey vermaAdrian gillHomeowners allianceFinancial timesPart of ballymore embassy gardensAssociation of residential managing agentsEmbassy gardensHigh point villageNew providence wharfNine elmsResidential managing agentsRoyal wharf