economy
Tell us: are you trying to buy or sell a flat in the UK?
We’d like to hear from people in the UK about their experiences of trying to buy or sell a flat in recent months. Have there been any issues?
TL;DR
- Flat owners in Britain are experiencing difficulties, with some selling at a loss.
- Issues include high service charges, fire safety problems, and restrictive leasehold conditions.
- Flats in England take longer to sell (46-47 days) compared to Scotland (16 days).
- Lenders may refuse loans for flats in blocks with many rentals.
- Surveyors sometimes 'down value' properties, further complicating sales.