‘The market is dead’: why aren’t flats in England selling?
Why This Matters
Key context: <p>Figures show most leasehold flats in England do not find a buyer within six months, despite slashed prices</p><p>‘The market is dead for flats,” says Susan Young*, who has been trying for some time without success to sell her two-bed flat in a popular Devon seaside resort.</p><p>The first-floor property is in “immaculate condition”, Young says, thanks to the £15,000-£20,000 spent on renovations. It has “superb views” across the beach. And, perhaps most crucially, it is a freehold flat, so is untainted by the controversies associated with the discredited <a href="https://www.theguardian.com/money/leasehold">leasehold</a> system.</p> <a href="https://www.theguardian.com/money/2026/aug/08/flats-in-england-not-selling-slashed-prices-buyer">Continue reading...</a> This development from The Guardian highlights ongoing changes in the sector.
Figures show most leasehold flats in England do not find a buyer within six months, despite slashed prices‘The market is dead for flats,” says Susan Young*, who has been trying for some time without success to sell her two-bed flat in a popular Devon seaside resort.The first-floor property is in “immaculate condition”, Young says, thanks to the £15,000-£20,000 spent on renovations. It has “superb views” across the beach. And, perhaps most crucially, it is a freehold flat, so is untainted by the controversies associated with the discredited leasehold system. Continue reading...
Curation & Context
This page summarizes a public news report from The Guardian. Global News Hub provides the "Why This Matters" takeaway using editorial insights and AI curation to give readers rapid, high-value context before they click through to read the full article.