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Your circumstances will often determine where you see value. Homebuyers can often buy sooner (with a lower deposit) and in a better area. In some areas in a city you may have no choice, a whole suburb may be leasehold. Although you could say that the holder of a leasehold interest is...

To give a less extreme example. Two similar houses in one street. One is freehold Value 300K made up of 150k land and 150K improvements (house, garage, fences etc) One is leasehold Leasehold interest in the land and improvements say 160k Freehold interest in the land say 140K...

This is known in some countries as a Glasgow lease. This type of lease normally is for a term or 999 years with 21 year rights of renewal. Rent reviews were commonly at the 21 year renewals, but since inflation became a big factor of economic life many now have 7 year rent reviews. The owner...