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Why falling house prices and dilapidated homes will be the long Covid of the cladding crisis

Cheaper to rebuild a quarter of dangerous flats than to make them safe

Cheaper to rebuild a quarter of dangerous flats than to make them safe Cladding works can eradicate 80pc of the value of home as leaseholders battle developers to take on the burden 5 June 2021 • 5:00am Rise in material costs and looming deadline to start work to qualify for Government support has made things difficult for leaseholders Sharply rising material costs, a shortage of labour and the fast-approaching deadline for works to begin in order to receive government money have created an acute bottleneck, pushing remediation costs even higher. Robert Frazer, 34, lives in Transport House in Salford, which requires an estimated £3m of remedial work. This is equivalent to a charge of £97,000 per flat.

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