If you already own, or are considering purchasing a leasehold flat, it is important for you to understand the common issues that arise. ALEP’s Honorary Secretary, Alex Greenslade, outlines the basics every would-be buyer should know.
Every other month we look in detail at what the property price reports are saying to see if we can spot what the latest trends are and look beyond the ‘headline’s to help buyers, sellers and investors really understand what’s happening to property prices and more importantly why.
If more more people want to buy houses than get rid of them prices will rise and vice versa. We therefore need to peruse the current supply and demand situation.
My monthly property price summary looks at what all the main property price indices are reporting during the month. The indices range from Rightmove which only records asking prices through to Land Registry which is sold property prices but only tells us what has happened in the past.
I heard a real ‘sigh of relief’ from the property industry when the election results were announced.
They were genuinely scared that Labour would win and their policies would end up crashing the £2mn plus property market; cause buy to let landlords across the country to sell up; institutional investment landlords to pull out of their plans to expand in the UK and not actually build anywhere near enough properties either.
