Leasehold Reform: London's £431,000 Apartments Are Devalued by Stigma

Britons are souring on apartments. That’s a particular problem for London, where flats overwhelmingly account for new-home sales and construction has already slowed to a crawl, leaving housing supply at a fraction of government-set targets. Cratering demand presents a challenge to policy makers — as well as an opportunity for buyers willing to do their homework in a market sector that people are shunning.