Capping ground rents is no way to help leaseholders Opinion The government’s plans to reform leasehold will deter investment in property and leave flat owners to pay the bill for the building safety agenda, says Natalie Chambers Governments in market economies are generally cautious about interfering in existing contracts, for good reason. Once that principle is weakened, confidence is difficult to restore. The draft Commonhold [...]
Labour must remember investors when reforming leasehold Opinion Given that many properties are directly or indirectly owned by pension funds, getting leasehold reform wrong risks destabilising the property markets, transferring value to foreign investors and undermining the UK’s attractiveness, says Natalie Chambers The government’s rhetoric on harnessing institutional capital as a driver for economic growth is welcome. In the coming months, the government [...]
