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Podcast: The Property Nomads Podcast
Episode: Why Leasehold is dying a slow and painful death
Description: Rob delves into the topic of leasehold properties and whether leasehold is a dying concept in the real estate market. He talks about the issues surrounding leasehold properties, such as escalating service charges, ground rent fees, and unscrupulous developer practices, emphasising the importance of thorough research and due diligence when considering purchasing a leasehold property, and highlighting the potential pitfalls and risks involved. KEY TAKEAWAYS Understanding the differences between leasehold and freehold properties is crucial when considering purchasing a property. Buyers must conduct thorough research and due diligence before purchasing a leasehold property to avoid potential i...