Five million people in England and Wales who own their flats should be given new rights, the Competition and Markets Authority (CMA) has said.
During its eight-month study, the CMA found that many leaseholders suffer from excessive charges or poor service by property managers.
It concluded there should be new laws to help flat owners get rid of bad property managers, by a majority vote.
More than 1,400 flood defence projects are to receive funding to protect 300,000 homes, the Treasury has said.
The £2.3bn investment, which is not new money, will help prevent £30bn damage in areas including the Thames and Humber Estuaries in the next six years.
The Land Registry's house price index shows an annual price increase of 7.7 per cent which takes the average property value in England and Wales to £177,377 - but with rises dwindling in recent weeks.
House prices are up only 0.1 per cent since September. The region which experienced the greatest increase in its average property value over the last 12 months is of course London with a rise of 18.6 per cent. The east of England, however, experienced the greatest monthly rise in September with a movement of 1.6 per cent.
New house price data released on Friday seemed to suggest that sanity was returning to the market – but there was little sign of that at one London development, where a studio flat in Battersea power station that sold for close to £1m in the spring is about to go back on the market with a price tag of up to £1.5m. And it has not even been built yet.
The number of mortgages being granted by Britain's banks has fallen by 16% over the last year - the latest sign of a slowdown in the housing market.
According to the banking industry body the BBA, in October home-buyers had 37,076 mortgages approved - the lowest figure for 17 months.
The value of those mortgages fell 13% over the year to just over £6bn.
Home buyers over the age of 40 are increasingly being "frozen out" of mortgages , the industry is warning.
New rules mean that lenders are now restricting loans to anyone who will still be paying off their mortgage by the time they retire.
And yet many people cannot afford to buy a home until they are 40 or even 50, say some of the largest lenders.
House price growth picked up to 12.1% in the year to the end of September, official figures show, despite other surveys suggesting a slowdown.
The rate increased from 11.7% year-on-year growth the previous month, the Office for National Statistics said, with prices rising fastest in London.
The rising cost of private rents will push future generations into poverty and add billions to the housing benefit bill, according to social policy charity the Joseph Rowntree Foundation.
The charity's report says that by 2040, people who rent will be more than twice as likely to be living in poverty than homeowners.
Joseph Rowntree expects rental costs to rise 90%, twice as fast as income.
Continued low interest rates and mortgage market competition has led to another fall in the number of homes repossessed in the UK, figures show.
There were 5,000 homes repossessed in the third quarter of the year, the Council of Mortgage Lenders (CML) said.
This compared with 5,400 in the previous three months and 7,200 in the same quarter last year.
A dip in activity in the UK housing market and slowing property prices will only be "temporary", surveyors say.
Demand from new buyers slowed for the fourth consecutive month in October, the Royal Institution of Chartered Surveyors (Rics) said.
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