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7.4% of Portsmouth Workers Worked from Home Before Covid-19 – Wonder How Many More do Now?
Before the Covid-19 pandemic hit, 8,401 Portsmouth people worked mainly from home, or about 7.4% of Portsmouth’s 113,075 workforce (compared to the national average of 14.9%). Yet over the last few weeks many thousands more Portsmouth workers have joined them in their spare rooms or at their kitchen or dining room tables. Amongst warnings from […]
Five unwritten rules for buying a home
You may be on the hunt for your first home or decided to move up or down the housing ladder. There are many things to consider when searching for a property, but have you thought about what is the right etiquette? To prevent you from slipping along the way I wanted to share with you […]
New Electrical Safety Regulations could cost each Bristol Landlord £350+ in the next 13 months
Bristol Electricians are going to very busy in the next 13 months as they will have to test the electrics of every private rented property in Bristol and potentially may have to install new fuse boards and wiring in some circumstances. New regulations set out in the Housing and Planning Act 2016 gave the Secretary […]
Virtual ways to keep all your family entertained during lockdown…
Staying at home is a challenge, staying away from family and friends but also keeping up with new ideas to keep the whole family occupied. Many of us are embracing this time as precious as we are getting quality time with the ones we love. If you’re finding the lockdown in Bristol stressful I hope […]
How we are adapting our estate agency NEXA Portsmouth to stay open
How we are adapting our estate agency NEXA Portsmouth to stay open A week of progressive announcements from the Government started to change how we ran our business, and then, with the announcement of a ‘lockdown’, traditional estate agency changed overnight. Our branch in Portsmouth has had to close, yet that doesn’t mean we are […]
The Rights, Obligations & Responsibilities of the 8,980 Portsmouth Landlords & 22,181 Tenants During the Virus Outbreak
The last three or four weeks, unquestionably, have been one of the most life-changing times we have seen since WW2. The imminent threat of the Coronavirus has taken over the world, the UK and Portsmouth and will challenge you, our families, our relationships and test us all. The drive of this worldwide action of social […]
What is going to happen to Stamp Duty on 11th March?
If you are buying a home in England costing more than £125,000, you will have to pay Stamp Duty Land Tax on the purchase of your new home. In the provinces, it’s called something slightly different, so if you are buying a property in Scotland over £145,000 you will pay Land and Buildings Transaction Tax […]
Portsmouth Homeowners £1,047,060,300 Windfall Since 2014
In the latest, and most recently published, set of UK mortgage data (for the month of November 2019) 18,470 pound-for-pound re-mortgages were made (i.e. the borrower went from one rate to another with no additional borrowing). However, since the 1970’s, the British have seen their homes as cash cows and cash machines, with many homeowners […]
BRISTOL RESIDENTIAL MARKET REPORT – JANUARY 2020
Welcome to the January market report, where we cover the following topics. OK ‘Bristol’ Boomer Bristol House Prices Have Risen by 181% as a Proportion of Household Income Since 1980 Have the Baby Boomers (people between the ages of 55yo to 75yo) messed things up for the Millennials in terms of getting on the Bristol […]
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 […]