Leaseholders are being ‘held hostage by a paralysis of policy’
Original Article Summary
The Leasehold and Freehold Reform Act 2024 was passed in the “wash up” period shortly before the last general election
PropMatch Curated Analysis
The implementation of key provisions in the Leasehold and Freehold Reform Act 2024 is being delayed until at least late 2028, leaving leaseholders unable to access promised cheaper lease extensions and freehold purchases.
Investor Relevance
Critical for leasehold apartment owners and investors as it affects lease extension costs, freehold purchase rights, and investment exit strategies. Delays mean continued exposure to high extension costs and ground rent obligations.
Original Source:
Property Industry EyeStay Updated
Subscribe to our weekly briefings for curated property news and insights