- 7d 5h 21m
Yeah between talking to my estate agent for a long time on this topic and searching I think I now have a pretty strong understanding of all the differences, advantages/disadvantages ect.. of Freehold vs leasehold.My quick googlefu tells me Freehold is more for houses while leasehold is for apartments. Freehold has more ownership, less restrictions, and higher up front costs while leasehold has more restrictions and have more fees/rents, so you'll want to do a long term comparison.
But I still fee that I do not understand why Freehold is so much more in London then leasehold. Doing some comparisons in other areas of England it seems the freehold vs leasehold is far more reasonable when you consider ground tax, price to extend the lease ect... There must be some reason for the huge premium in London.