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Showing Category: Portsmouth
PORTSMOUTH RESIDENTIAL MARKET REPORT – JANUARY 2020
Welcome to the January market report, where we cover the following topics. NEW EPC REGULATION CHANGES FOR PORTSMOUTH LANDLORDS The vast majority of Portsmouth landlords are, by now, acquainted with the legislation that came into force on the 1st of April 2018, that means all new and renewed private tenancy agreements must have an Energy […]
A decade in the Portsmouth property market
What has happened to the local Portsmouth property market in the last decade? The average Portsmouth property has risen in value from £165,400 to £240,900 in the last 10 years … meaning each Portsmouth homeowner has seen a profit of £145.19 per week for those last ten years. Rolling the clock back to the start […]
Is the Portsmouth property market bouncing back?
The Halifax announced in early January that there was a bounce in the national property market as they stated national property values soared 1.7% in December 2019 – the biggest rise since the 1.9% month on month rise in February 2007 (a few months before the Global Financial Crisis aka the Credit Crunch). The Halifax […]
HISTORIC RISE OF PORTSMOUTH HOUSE PRICES
In 1980, the average Portsmouth household income was just under £6,000 per annum and the average Portsmouth house price was £18,115; whilst today, the average Portsmouth household income is £33,066 per annum, yet the average household value is £241,900, meaning… The average value of a Portsmouth home was 3 times more than the average household […]
NEW EPC REGULATION CHANGES FOR PORTSMOUTH LANDLORDS
The vast majority of Portsmouth landlords are, by now, acquainted with the legislation that came into force on the 1st of April 2018, that means all new and renewed private tenancy agreements must have an Energy Performance Certificate (EPC) rating of E or above, otherwise it would be illegal to rent the property out (EPC […]
PORTSMOUTH RESIDENTIAL MARKET REPORT – DECEMBER 2019
Welcome to the December market report, where we cover the following topics. 94,789 People Live in Rented Accommodation in Portsmouth That number surprised you didn’t it? With the General Election done, I thought it time to reflect on renting in the manifestos and party-political broadcasts and ask why? As the best way to tell the […]
The £1.1 billion mortgage debt of Portsmouth homeowners
Irrespective of the shenanigans and political goings on in Westminster recently, the housing market (for the time being anyway) shows a striking resilience, fostered by the on-going wide-ranging monetary policy by the Bank of England. With interest rates and unemployment low, UKplc is heading into 2020 in reasonable condition. Additionally, despite the UK’s new homes industry improving […]
94,789 People Live in Rented Accommodation in Portsmouth
That number surprised you didn’t it? With the General Election done, I thought it time to reflect on renting in the manifestos and party-political broadcasts and ask why? As the best way to tell the future is to look at to the past, so we decided to look at the number of people who rented […]
Helping Hands Portsmouth
Every month, we provide the funding for Helping Hands Portsmouth to provide breakfasts at a central location to Portsmouth’s homeless and most vulnerable. Often this breakfast is the only warm meal they might get that day and it also provides an opportunity to create a focal point for people to come together and communicate and […]
Are the Tory’s Selling Off the Final Part of the Family Silver? 6,708 Portsmouth Housing Association Households & the Right to Buy Their Homes
Are the Tory’s Selling Off the Final Part of the Family Silver? 6,708 Portsmouth Housing Association Households & the Right to Buy Their Homes In 1979, Margaret Thatcher was voted in on a Tory landslide with the ‘right to buy your own council house’ being a mainstay of Conservative policy. She encouraged people to buy […]
Portsmouth Property Values 0.1% Higher Year-on-Year
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 […]
How’s The Market? November 2019
Welcome to the November edition of ‘How’s the Market?’ – the free monthly article focused on informing local residents about everything property related in Portsmouth and the surrounding areas. This month’s article is completely focused on buying properties and is packed with some great advice for first time buyers, those considering moving to their next […]