Leasehold reform delays could extend to late 2028
Original Article Summary
Implementation of key leasehold reform provisions could be delayed until late 2028 or beyond, according to Housing Minister Matthew Pennycook. The Leasehold and Freehold Reform Act 2024 remains unimplemented pending further consultation and resolution of legislative flaws. The post Leasehold reform delays could extend to late 2028 appeared first on PropertyWire.
PropMatch Curated Analysis
Housing Minister confirms leasehold reform implementation could be delayed until late 2028 due to legislative flaws, meaning current expensive pricing mechanisms for lease extensions and freehold purchases will remain in place for several more years.
Investor Relevance
Critical for leasehold property investors as delays maintain current high costs for lease extensions and freehold purchases, affecting property values, transaction costs, and investment strategies across England and Wales leasehold markets.
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