short leases

Short lease flats

Short lease flats leave homeowners facing a £48,250 hit when they come to sell

The latest research from House Buyer Bureau has found that homeowners selling a flat with a short lease face an average asking price that is -22.1% lower than the wider flat market across England, reducing the value of a typical sale by £48,250. In Yorkshire and the Humber, the discount rises to 35.2%, underlining how a diminishing lease can become a costly obstacle when it comes time to sell...