View image in fullscreen Is the market for flats in England dead? Meanwhile, Louisa, who lives in London, has been trying to sell her leasehold flat for two and a half years. View image in fullscreen Some owners of flats in England have cut the price several times to no avail. It found that across most of England, the majority of leasehold flats listed for sale in 2025 had not sold within six months. In addition, thousands of aspiring homeowners are finding themselves shut out of the flats market owing to banks’ increasingly restrictive mortgage lending rules, says William Coe at the mortgage broker Cleerly.