My £800,000 London flat is falling apart | Rent Seeking #7

PoliticsJOE

PoliticsJOE

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Keir Starmer promised 1.5 million new homes, but in his own constituency they are falling down. An under-regulated new-build market is leaving buyers in unsafe, worthless properties - and warranty providers aren’t paying out. A 2024 Competition and Markets Authority report found ​​at least 16 faults per new-build property and called for government accountability. Consequently, in Britain today, you have more consumer rights when you buy a toaster than a house.

53 Agar Grove is a housing block in Camden that was deemed ‘not fit for purpose’, less than 6 years after completion (built in 2018).

In March 2022, a structural engineer expressed serious concerns about the extent of structurally significant, built in, inherent defects (including mould, leaking pipes, cracks in walls, rotting structural frames) and concluded the building was not fit for purpose.

Dan Bruce, who spent his life savings on an £800,000 flat, has been left with an unsafe and worthless property.

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