House prices at 50pc discounts in top neighbourhoods: too good to be true? – Telegraph Blogs

House prices at 50pc discounts in top neighbourhoods: too good to be true? – Telegraph Blogs

Discounts of up to 50pc on house prices and flats in some of the smartest locations are available without recourse to government schemes such as Newbuy or shared ownership but by means of the tried-and-tested system of leasehold.
Foreign buyers tend to shun the concept of owning the right to remain in a property for a fixed period, rather than owning the freehold outright. But that can create an opportunities for those who could not otherwise afford freehold flats and house prices in the location of their choice.
Peter Wetherell who has been selling property in Mayfair for nearly 40 years pointed out: “In a market with varying length leases available, .....