Residential Market Report – October 2019

Welcome to the October market report, where we cover the following topics.

How long is an average Portsmouth property on the market for?

If you are either selling or buying a property in Portsmouth, there are a few reasons why it may be taking some time to sell your Portsmouth home or find that perfect place to call your new home. It may be taking longer than you thought to find a buyer for your home because of the current state of the property market or finding that perfect Portsmouth home may be taking too long because of a lack of properties to buy.

What Needs to Change in the Portsmouth Property Market?

The long-lasting issue of the Portsmouth property market are laid bare as the final 2018 property transaction figures have just been published and they continue the post credit crunch trend of less people moving.

Are Portsmouth Builder’s Constructing the Wrong Type of Property?

The British housing market has never been so newsworthy. Every other day, there is an article in the newspaper or online about impending house price drops, house price rises, building on green belt, mortgage rates up/down, first time buyer affordability and the woes of being a buy to let landlord, to mention but a few. As a nation, we have a strong national desire to be homeowners.