It’s also an artifact of the leasehold/freehold system, most properties you buy do not come with a right to the land and you continue to pay a land use tax to t

It’s also an artifact of the leasehold/freehold system, most properties you buy do not come with a right to the land and you continue to pay a land use tax to the actual owner of the land. This means that you for example can buy a flat in a newly built development and you’ll have to pay like £100 a month for the land use. The lease itself is assigned to X number of years with laws being passed to force longer and longer leases as well automatic renewal as there have been issues with homes towards the end of their lease with <100 or even <50 years left essentially tanking in value since technically at the end of the lease the land reverts back to its owner. Don’t get me wrong this system is completely shit but this is a click bait.