How much was your home worth in 2000?
Our latest Portsmouth Property News for November 2018 is hot off the press.
It gives valuable insights into the local residential property market, including a look at how house prices have changed over the past two decades.
According to the latest figures, the average price of a mid-market property has risen from £80,000 in the year 2000 to £212,000 in 2018 – a rise of 165 per cent.
The report explains the various links between house prices, the availability of credit and the buy-to-let boom. It also reveals that the greatest price rises were for flats, followed by terraced and then semi-detached properties.
There’s also intriguing analysis of the type of residents in the city, with more young and single people than any other group – including the retired and young families.
Please have a good read of the latest Property News and please don’t hesitate to get in touch to discuss any of the details or if you are thinking of selling, buying, letting or renting.
We’d love to hear from you.