SmartTrader, your points are valid. Still, personally I would prefer a freehold property in a central location for investment. If I can't afford it, I'd rather take my time to save up than buy a leasehold or a even a freehold elsewhere. My reason is simple: freehold properties are getting more rare, and their value is very unlikely to go down, whereas leasehold properties all have expiry dates - the older they are they cheaper they get.