
Short lease flats sell for 22% less than wider market, data finds
The biggest price gap was found in Yorkshire and the Humber, with short lease flats marketed at an average of £82,675.

The biggest price gap was found in Yorkshire and the Humber, with short lease flats marketed at an average of £82,675.

Eliot Kaye, managing director of Puma Property Finance, led the deal.Â

Excluding London, the gap was even wider, with a house costing 2.3 times as much as a flat.Â

Research from Sell House Fast found that flats also topped the list for the hardest features to sell, while terraced houses were the easiest.

Data showed that in 2024, 63% of new-build flats in the North West were sold off-plan.Â

The Government has announced plans to abolish the leasehold system in England and Wales, banning the sale of new leasehold flats and moving towards a commonhold model of homeownership.

Yorkshire Building Society has expanded its £5k Deposit Mortgage to include flat purchases, offering first-time buyers more opportunities to get on the property ladder.

The intermediary-only lender is enhancing the eligibility criteria for the mortgage in direct response to feedback from brokers.Â

Flats have emerged as the top buy-to-let investment option for landlords, offering the highest average yield and rental growth, according to the latest analysis by Inventory Base.

New research shows that average earners struggle to afford 1-bedroom flats in 10 major UK cities, with London being the least affordable.

Halifax reports a 1.9% increase in UK property prices over the last year, fueled by a shift in buyer preference towards smaller homes.

Rory Joseph and Sebastian Murphy of JLM Mortgage Services discuss lenders' lack of flexibility when it comes to lending on flats.
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