PORTSMOUTH RESIDENTIAL MARKET REPORT – NOVEMBER 2019
Welcome to the November market report, where we cover the following topics.
- Portsmouth Property Values 0.1% Higher Year-on-Year
It seems that quite a few Portsmouth homeowners and Portsmouth landlords have become acclimatised to living with the uncertainty of Brexit throughout most of 2019, as figures show many of them decided to get on with living life, started reinvesting their money into Portsmouth property and buying and selling their Portsmouth homes and BTL investments. Land Registry stats confirm that. Current data shows that…
- Portsmouth Buy To Let – Past, Present And Future
In the glory days of the five years after the turn of the Millennium, where we had double-digit house price growth, mortgage companies (notably Northern Rock, HBOS and their ilk) desperate to get on the buy to let mortgage bandwagon with rates so low it would make the belly of a snake seem high and an open mildness to give loans away with not so much more than a note from your Mum and with hardly any regulatory intervention… anyone could make money from investing in property – in fact it was easier to make money than fall off a log!
- Is This the End of No-Fault Section 21 Evictions for the 55,608 Portsmouth Tenants?
In the late spring, the Government announced that they were planning to end nofault evictions for tenants living in private rented accommodation. If you are reading this and you know someone who is a Portsmouth buy to let landlord, do them a favour and share this article with them – it could save them a lot of worry, heartache, money and time. I have had a number of Portsmouth landlords contact me anxious that removing a tenant from their Portsmouth buy-to-let property in the future had possibly become a lot more problematic…