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Real estate query: Leasehold vs Freehold Property - What's the difference and which is more beneficial?

The article from Business Today discusses the differences between leasehold and freehold properties in the context of real estate investment. Leasehold properties are owned for a fixed period, typically ranging from 30 to 999 years, after which the land reverts to the original owner or the government. This type of ownership often involves ground rent payments and can face issues like lease renewals or expirations, potentially affecting property value and marketability. Conversely, freehold properties grant perpetual ownership of both the land and the building, offering more control over the property, no ground rent, and generally higher resale value due to the permanence of ownership. The article highlights that while leasehold might be cheaper initially, freehold properties are often considered more beneficial for long-term investment due to their stability, ease of mortgage financing, and potential for appreciation. However, the choice depends on individual circumstances, investment goals, and the specific terms of the leasehold agreement.

Read the Full Business Today Article at:
[ https://www.businesstoday.in/personal-finance/real-estate/story/real-estate-query-leasehold-vs-freehold-property-whats-the-difference-and-which-is-more-beneficial-455723-2024-11-30 ]