Freehold vs leasehold, does it really matter?

At the beginning, you may feel leasehold is more than enough. But freehold will be better fi you can afford it.

Yes it is an important factor depending in whether you want to pass down the house for generation or flip.

Many factor.

Depending on your usage. If you intend to use it as a home and hold for future gains, then freehold makes more sense as value is retained. Leasehold properties are lower costs to purchase and on decreasing value as the lease runs down.