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Showing Category: Portsmouth
Portsmouth Property Market: Is it Time to Stamp Out Stamp Duty?
Most people pay Stamp Duty Tax when they buy a property, house, apartment or other land and buildings over a particular price in the UK. The Chancellor, Rishi Sunak (quickly followed suit by the Welsh and Scottish Governments), announced last July that Stamp Duty was partially being suspended on all English property transactions up to £500,000 […]
14,350 Portsmouth Homeowners to be ‘Unchained’ From Toxic Leasehold Agreements in Biggest Shake-up of Property Law in Decades
When William the Conqueror invaded our fair shores in 1066, like all good kings, he needed to buy loyalty and raise cash to build his castles and armies. He did this by feudal law system and granted all the faithful nobles and aristocrats with land. In return, the nobles and aristocrats would give the King […]
How Will the Brexit Deal Affect Portsmouth House Prices and Your Mortgage Payments?
Christmas Eve brought the news that Boris Johnson had conclusively agreed on a Brexit deal for the UK with the European Union. This gave optimism that the economic turmoil of leaving the EU would be radically reduced, yet what will this ‘trade deal’ do to the value of your Portsmouth home and the mortgage payments you […]
RESIDENTIAL MARKET REPORT – PORTSMOUTH DECEMBER 2020
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As Unemployment Hits 7% in Portsmouth, What Effect Will This Have on the Portsmouth Property Market in 2021?
12 months ago, the unemployment rate in Portsmouth stood at 2.9% of the working population, yet with Coronavirus hitting the UK, what impact will this rise in unemployment have on the Portsmouth property market? As I have discussed a number of times in my articles on the Portsmouth property market, this summer saw the Portsmouth […]
What will happen to the Portsmouth property market in 2021?
In the last few months, the Portsmouth (and UK) property market has resisted and flouted every economist’s prediction. With the economy a shadow of its former self, unemployment set to hit 11.9%, the Government on track to borrow nearly half a trillion pounds to pay for Coronavirus support packages etc., all of this has had […]
RESIDENTIAL MARKET REPORT – PORTSMOUTH NOVEMBER 2020
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The 2020 Review of the Portsmouth Property Market
Looking back at the Portsmouth property market for 2020, it can certainly be seen as a frenetic game of two halves, albeit with a very long half time in the spring. Between the General Election in mid-December and Christmas, many Portsmouth agents saw an unusually higher uplift in activity in the property market just as […]
Are Portsmouth First-time Buyers Being Locked Out of the Portsmouth Property Market?
With the banks reducing the number of low deposit mortgages (i.e. deposit of 10% and below) since Covid-19 hit in the spring, this has meant that the number of Portsmouth first-time buyers has been decreasing quickly, meaning many of those would-be Portsmouth buyers wanting to make the first step on the Portsmouth property ladder are having to […]
PORTSMOUTH RESIDENTIAL MARKET REPORT – OCTOBER 2020
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Portsmouth House Prices 2021: What will happen to the value of your Portsmouth home next year?
What will a no deal Brexit on the horizon, the end of the stamp duty holiday in March, mortgage payment holidays coming to an end, unemployment set to rise after furlough and ongoing on/off coronavirus restrictions do to the Portsmouth property market and the value of your Portsmouth home? In the late spring of 2020, […]
Portsmouth Homebuyers Have Saved £83,640 Thanks to the Stamp Duty Holiday – Yet Many Could Miss Out
Portsmouth homebuyers and Portsmouth landlords purchasing residential property have saved £83,640 since the Chancellor reduced Stamp Duty on 8th July 2020, yet many more Portsmouth homebuyers could miss out. My analysis of properties sold in Portsmouth from the Land Registry between the introduction of the Stamp Duty holiday on 8th July 2020 and 14th August […]