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Showing Category: Portsmouth
Portsmouth 2nd & 3rd Time Buyers Finding it Tougher (and Slower) to Move up the Portsmouth Property Ladder
Post lockdown, the need for Portsmouth families who want bigger homes has meant Portsmouth homebuyers must now pay considerably more to trade up to that larger home… One thing that has come out of lockdown has been the inexorable movement of Portsmouth households wanting to upsize to a larger home. Often considered to be first […]
Are you on track to sell your home in Portsmouth before the stamp duty deadline?
When Chancellor Rishi Sunak announced the temporary stamp duty exemption back in July, there was excitement in the air in Portsmouth. Those who had been thinking of moving in a few years started to have discussions on whether they should do it sooner. Families who had felt like the walls were getting smaller around them […]
THE PROS & CONS OF BECOMING A LANDLORD IN PORTSMOUTH
The buy-to-let market in Portsmouth is about to enter a challenging 12 to 24 months. Yet by looking back at the last recession and what is happening now, there are vital lessons all Portsmouth landlords can learn to protect themselves, and in fact create opportunities for themselves both in the short term and ultimately the […]
The Portsmouth Property Market Post-Lockdown – the First 100 Days
Portsmouth sellers and buyers will need to continue to be pragmatic if the surprisingly strong current levels of activity in the Portsmouth property market are to be sustained. To start, we had the once in a lifetime event of the credit crunch in 2008, we then had another once in a lifetime event with the […]
Portsmouth Millennials Moving Back in with Mum & Dad?
Roll the clock back 20 years and any self-respecting late 20/early 30 something would never say on their first date that they lived with their mum and dad. It was seen as a sign of immaturity being tied to your mother’s apron strings as a failure to leave the family home. Yet over these last […]
The ‘Trapped Landlords’ of Portsmouth
Going into lockdown in March, the Government proclaimed a ban on tenant evictions, pledging that no tenant in a private rented home, who had lost their wages due to Covid-19 would be kicked out of their private rented home until the late summer. Fast forward to August and the press were being briefed as late […]
1,492 Portsmouth Properties Sold in Stamp Duty Holiday Bonanza
On the 8th of July 2020, the Chancellor announced the first £500,000 of any property bought was exempt from stamp duty until 31st March 2021. This also included buy to let landlords (although they would still need to pay the additional 3% stamp duty level for second properties). Talking to many of you Portsmouth homeowners, […]
Long Live the Planning Permission Rule Changes
The 1st July 1948 heralded a new dawn in how property was built, as the Town & Country Planning Act 1947 came into force, meaning no property could be built without the say so of the local authority. Now, Boris Johnson has announced a substantial change to that, by in effect, ending planning permission. […]
Bristol OAP Homeowners to Face Coronavirus Tax Bill?
The Government is on track to borrow £400bn because of Coronavirus and that needs to be paid back at some stage. Last year alone, before Coronavirus, the Government brought in £824 billion in taxes whilst they spent £887 billion, meaning they had to borrow £63 billion. In fact, the last time taxes were higher than […]
Portsmouth OAP Homeowners to Face £17,456 Coronavirus Tax Bill?
The Government is on track to borrow £400bn because of Coronavirus and that needs to be paid back at some stage. Last year alone, before Coronavirus, the Government brought in £824 billion in taxes whilst they spent £887 billion, meaning they had to borrow £63 billion. In fact, the last time taxes were higher than […]
Portsmouth Property Market – the Last 10 Years
One of my Portsmouth landlords contacted me last week from Fareham, after he had spoken to a landlord friend of his from Cosham. He told me they were deliberating the Portsmouth property market and neither of them could make their mind up if it was time to either sell or buy property following Covid-19. His […]