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Showing Category: Portsmouth
What does the 5% deposit mortgage introduction mean for the buy-to-let property market?
Introduced in March, the 95% mortgages are to be supported by the Treasury: lessening losses for mortgage lenders should the borrower be incapable of repaying and get repossessed, as the Government seeks ‘Generation Rent’ to transcend to ‘Generation Buy’. This may initially cause some concern for buy-to-let investors as they prepare for tenants to start […]
Portsmouth Property Market: 2011-2021
A look back at the Portsmouth housing market over the last decade With all of us completing the Census, a couple of weeks ago, it made me realise profoundly that mine and my family’s life, which from our own point of view seems unique and delightful, makes us all into a series of statistics for […]
RESIDENTIAL MARKET REPORT – PORTSMOUTH (March 2021)
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Portsmouth Property Market Improved by 13.4% Over Pre-Pandemic Levels
Has there ever been a better time for Portsmouth home sellers? Portsmouth house prices are anticipated to rise throughout 2021 after the Stamp Duty cut (and subsequent extension until the summer/autumn) and the newly revealed 95% mortgages for Portsmouth first-time buyers (and Portsmouth homeowners with minimal equity). In addition, the continued low-interest rates and the […]
Portsmouth First-time Buyers Can Now Buy Using 5% Deposit Mortgages
Portsmouth First-time Buyers Can Now Buy Using 5% Deposit Mortgages Yet higher mortgage rates could see Portsmouth buyers paying a lot more each month for the privilege Being a Portsmouth first-time buyer in the last 12 months has not been an easy thing. Just before lockdown there were 400 ‘5% deposit mortgage’ deals and first-time […]
RESIDENTIAL MARKET REPORT – PORTSMOUTH FEBRUARY 2021
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Lifeline for Portsmouth House Buyers & Portsmouth First-time Buyers
In the last few hours, the Chancellor of the Exchequer, Rishi Sunak, has stated the Stamp Duty Holiday for Portsmouth properties up to £500,000 will be extended from 31st March 2021 to the 30th June 2021; and to ensure we don’t have a cliff edge, from 1st July 2021, the Stamp Duty Holiday will apply only on […]
Portsmouth Pensioner Homeowners are now Worth £8,392,981,500
How wealth is distributed will always be a contentious issue, especially as the Baby Boomers (those aged between their late 50’s and late 70’s) wealth has grown exponentially over the last 20 years, compared to the wealth of the younger generation. With most UK property in the hands of the older generation, with its total […]
Why do half of all Portsmouth homeowners move every 5 years?
In Britain, there are 27,071,500 households, of which 17,044,450 are owned, which are worth a total of £3,925,865,212,950 (£3.92 trillion). Over the last 5 years, an average of 86,096 properties sell each month, meaning just over a million UK households move home per year. Therefore, the average British homeowner moves every 16 years 5 months. […]
RESIDENTIAL MARKET REPORT – PORTSMOUTH JANUARY 2021
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The Busiest December for the Portsmouth Housing Market Since 2006
Over the last six months, the Portsmouth Property Market has been flourishing. As soon as an estate agents ‘For Sale’ flag went up, neighbours would be checking out Rightmove to see the internal pictures and compare the asking price to their own home (go on .. admit you do that too – every Portsmouth homeowner […]
Is there a supply shortage in homes for sale in Portsmouth?
With most Portsmouth families home schooling their children in lockdown and the forthcoming Stamp Duty Holiday deadline on the 31st March 2021, less Portsmouth properties have been coming onto the Portsmouth property market since the new year. This has prompted a 18% drop in the supply of Portsmouth homes for sale compared to September 2020. For the […]