The average value of leasehold flats has fallen by 2.27% over the past year, reaching £216,246. This contrasts with an appreciation in freehold house values across all categories.
Leasehold flats have experienced a 2.27% decrease in value year-on-year, with the average price now standing at £216,246. This decline occurs as freehold houses continue to appreciate across all categories.
Research indicates that nearly nine in ten leasehold flats are remaining on the market for more than six months, attributed to mounting legal and financial pressures.
What this means for you: If you own a leasehold flat, its value may have declined by 2.27% over the past year, and it could take longer to sell.
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