According to the latest official figures, the number of leasehold properties in England has remained largely unchanged year on year.
The data published by the Ministry of Housing, Communities and Local Government (MHCLG) shows that there were an estimated 4.3 million leasehold homes in England in 2017/2018, accounting for 18 per cent of the housing market.
Over half of those properties (55 per cent) were in the owner-occupied sector, with 39 per cent privately owned and let in the private rental sector. Whilst the remaining 6 per cent were properties owned by social landlords and let in the social rented sector.
Almost a third of leasehold properties (31 per cent) were houses, with remainder accounting for flats. These figures have not changed since 2016/2017, when these Experimental Official Statistics were last published.
Leasehold houses were less prevalent than flats and the data report says this is true across all tenures. Overall 7 per cent of houses were owned on a leasehold basis, this was highest in the private rented sector, and lowest in local authority owned houses at 10 per cent and 1 per cent respectively.
Overall, 35 per cent of all private rented sector dwellings, 16 per cent of owner-occupied dwellings, and 6 per cent of social rented sector dwellings were leasehold in 2017/2018.
For help and advice regarding leasehold and freehold properties contact a member of our team today.