[pm215]

99 year (or longer) leases are still very common in the UK for apartments ["leasehold property"]. There are issues with leasehold, but "I can only sell my landlord's interest to somebody else willing to be a landlord" isn't really one of them -- it's just an asset with an income stream and a certain amount of upkeep costs and responsibilities, and there are buyers out there who'll take them on and a generally accepted mechanism for valuing them.

[pc86]

And the pool of buyers who wants to deal with that is demonstrably much smaller than the pool of buyers who simply want to live in the damn house. If someone wants to sell their personal property I see no legitimate reason why there should be restrictions on who can buy it.