Nearly half of unsafe cladding buildings await remediation
Original Article Summary
Almost nine years after the Grenfell Tower fire, 47% of buildings identified with unsafe cladding have yet to begin or complete remediation works. Of 4,411 residential buildings over 11 metres tall, only 1,672 have finished remediation work. The post Nearly half of unsafe cladding buildings await remediation appeared first on PropertyWire.
Investor Analysis
As of May 2025, 47% of identified unsafe cladding buildings have yet to begin or complete remediation, with a new Remediation Bill introduced to accelerate progress. The ongoing crisis continues to impair property values, saleability, and remortgaging ability for affected assets.
Investor Relevance
Investors holding or considering leasehold apartments in buildings over 11 metres face continued exit risk, remortgaging barriers, and valuation uncertainty until remediation is complete. The new Remediation Bill signals regulatory tightening and potential acceleration of enforcement, which could affect timelines and cost responsibilities for landlords and developers.
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