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Housing Today
Trusted media brand of the Chartered Institute of Housing
Number of leases on new-build houses plummets
Decline in selling new-build houses as leaseholds comes after politicians and buyers attack practice
The number of new-build houses being sold as leaseholds in England and Wales fell sharply last year, as major housebuilders responded to criticism of the practice from homebuyers and the government.
According to new figures from the Office for National Statistics (ONS) 2018 saw 3,242 new houses sold as leasehold in England and Wales, accounting for 4% of the total of 81,050 new houses sold last year, versus 13% in 2017.
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