What should be the difference in price between a freehold property and a 99 year leasehold property of the same size and in the same location?
Will you pay 5%, 10%, 20% or 30% more for the leasehold property?
Remember, at the end of 99 years, the leasehold property is worth $0 while the freehold property will continue to appreciate in value.
Most people are surprised with the answer. Make your guess and check the answer here.
Will you pay 5%, 10%, 20% or 30% more for the leasehold property?
Remember, at the end of 99 years, the leasehold property is worth $0 while the freehold property will continue to appreciate in value.
Most people are surprised with the answer. Make your guess and check the answer here.
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