Average house prices in Portsmouth have grown 8.2% year-on-year, and now sit at £208,473. This is impressive growth in a market that faces plenty of uncertainty.
The average UK wide property increased by 4.2% year-on-year, to £223,807
Stamp Duty surcharges on buy-to-let and second home purchasers has had a negative impact on property transactions
Reigning in of tax breaks for investors has added to the slowdown in transactions and has also lead to investors selling off properties or consolidating portfolios to avoid greater tax on profits with the removal of tax relief on mortgage interest payments
Planning & Licensing
The state of the C4 HMO planning policy, mixed with Private Sector Housing stance on licensing and spacing standards has led to confusion from developers and investors and a growing reluctance to develop more real estate
The huge influx in purpose built high quality student supply has had a major negative impact on regular landlords and investors of HMO property as students move into high quality and well-located accommodation, leading to rent decreases and prices under pressure by falling investor yields.
New government legislation is still an unknown, but there are pressures to pull away from this stance or to at least look at regulating the market rather than wiping out fees altogether.
Expected net investor yields sit around 6-7% in most markets, making Portsmouth still a very attractive place to invest and own real estate in. House prices are still comparatively low in ratio to average rents.