Showing Category: Hampshire.
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 […]
Welcome to December’s Market Report, where we cover the following topics. To read the full report, please visit; CLICK HERE FOR THE RESIDENTIAL MARKET REPORT WHAT WILL HAPPEN TO THE PORTSMOUTH PROPERTY MARKET IN 2021? AS UNEMPLOYMENT HITS 7% IN PORTSMOUTH, WHAT EFFECT WILL THIS HAVE ON THE PORTSMOUTH PROPERTY MARKET IN 2021?
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 […]
What’s happening with the buy-to-let market in Portsmouth? …. and should Portsmouth landlords & Portsmouth homeowners be worried? In 2019, the private rented sector accounted for just over four and a half million households or 19.9% of UK households, no change from the year before. Interesting, when compared to the proportion of private rented […]
Welcome to May’s market report, where we cover the following topics. To read the full report, please visit; https://www.flipsnack.com/NEXAP/market-report-portsmouth-may-2020/full-view.html THE LOCKDOWN LANDLORDS OF PORTSMOUTH Despite Government regulations that have been in place since the 26 March 2020, when in-person viewings were made illegal, Portsmouth buy to let landlords have during that time been chomping at […]
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 […]
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 […]
Welcome to the December market report, where we cover the following topics. To read the full report, please visit; https://www.flipsnack.com/NEXAP/residential-market-report-portsmouth/full-view.html 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 […]
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 […]
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 […]
I am asked on a regular basis by my landlords, when they feel works are required, what should I do to my property before offering it to the open market and my response has always been along the same lines, are you prepared to absorb a minor upfront costs to create a better long term […]
If you purchase a property for £300,000 and its received a monthly rent of £3000 you are yielding 12% and this would take approximately 8.3 years to recoup the purchase price. With the same purchase price, the same rent but a month void period between tenancies once a year this starts to look different. Your […]