Fresh appeal threatens to delay leasehold reform – government told to stand firm
Original Article Summary
Freeholders have applied to appeal last month’s High Court decision rejecting their challenge to the Leasehold and Freehold Reform Act 2024
PropMatch Curated Analysis
Freeholders have appealed the High Court ruling that upheld the Leasehold and Freehold Reform Act 2024, potentially delaying implementation by up to 3 years. The government is urged to proceed with implementation despite ongoing appeals rather than wait for final resolution.
Investor Relevance
Critical for leasehold property investors as continued delays mean higher lease extension costs, reduced property values, and limited saleability for properties with sub-80 year leases or high ground rents. Investors need to factor extended uncertainty into acquisition and exit strategies.
Original Source:
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