BUSINESSFINANCIAL TIMES WORLD
Nearly nine in 10 leasehold flats still on the market after six months
Nearly nine in ten leasehold flats remain on the market even after a period of six months. Prospective buyers are reportedly deterred by two financial concerns: inflated asking prices and high service charges.
Mentioned
Related Signal
Adjacent reporting
- Leaseholders face uphill struggle to sell their homes as typical sale takes MONTHS longer
- Price gap between flats and houses hits 30 year high as buyers swerve leasehold properties
- Nearly half of homes listed in past three years failed to sell as owners are pricing them TOO high
- Service charge tipping point for flat buyers as soaring costs lead lenders to refuse them a mortgage
- Property asking prices drop £3,832 in a month as over-priced homes sit on the market
- Investors ‘bulk buying’ flats remains key in Hong Kong amid red-hot rental market