Homebuyers Reports

Portsmouth has bucked the national trend with unemployment falling across the city.
The latest figures from the Office for National Statistics (ONS) showed that 2,215 people were claiming Jobseekers Allowance in March, down from 2,240 in the previous month.
Nationally, unemployment increased by 21,000 to 1.7million between December and February, according to the ONS.
A report in the Portsmouth News has showed that numbers were also down in Gosport from 625 to 615 and in Havant from 1,185 to 1,175.
There was a slight rise in Fareham from 480 to 485.

Latest figures from the Royal Chartered Institution of Chartered Surveyors (RICS) indicate an annual 4% rise in house prices in England and Wales.
RICS says it expects the increase whatever the results of the EU referendum and elections in Scotland, Wales and Northern Ireland.
It said that the property market had cooled somewhat after a buy to let rush to beat the April 1 deadline for new Stamp Duty surcharges.

As a new member of the Hampshire Chamber of Commerce (www.hampshirechamber.co.uk), we’re now linked into its many businesses across the county.
Membership also means that we’re part of the nationwide network of chambers accredited to the British Chambers of Commerce (www.britishchambers.org.uk).
That not only helps from a commercial point of view it also means we’re in touch with likeminded businesses and can gain valuable economic insights.

The second set of property market data for the first quarter of 2016 is out – this time from the Halifax.
Its figures for house prices for the year to March show an increase of 10.1% compared with a year earlier – making the average home nationwide worth £214,811.
This compared with the national average of £200,251 pinpointed by the Nationwide in its figures earlier in the week.

New property price indexes have revealed that the average cost of a home in the South East is now £255,325.
The figures from the Nationwide show a rise of 8% for the region in the first quarter of 2016 compared with the first quarter of 2015.
This compared with the average price of a home nationwide at £200,251 – the first time on the Nationwide measure that the price has risen above £200,000.
In the mainstream media, headlines shouted about house prices in the Northern now being less than half those in the south of the country.

Congratulations to our Consultant Ken Veness on being awarded Honorary Life Membership by the Portsmouth Property Association (PPA).
Former PPA Chairman Ken received the accolade in recognition of his long service and dedication to the property sector and the PPA.
Ken, who has more than 40 years of experience, said: “It’s a tremendous honour to be recognised by my peers in this way and my sincere thanks go to all at the PPA.
“Although the industry has changed in many ways over the years, the PPA’s commitment to excellence among its membership has remained the same.

New rules for the property market are being proposed by the Bank of England.
Its Prudential Regulation Authority (PRA) has called for stricter limits on the amount that buy-to-let landlords can borrow.
The Bank wants lenders to take a wider look at a borrower’s financial situation rather than just the rental income from a property.
These include all the costs a landlord might have to pay when renting out a property, tax liabilities, a landlord's personal tax liabilities, essential expenditure and living costs.

Our experienced director Ian Lee has shared his expertise with readers of the Portsmouth News.
Ian featured in the Expert View column in the paper's Property section, giving an insight into the impact of Stamp Duty Land Tax surcharges coming into force on April 1.
The Chancellor George Osborne confirmed that the new 'landlord tax' will definitely take effect next month. Ian's advice to buyers trying to push a purchase through before the deadline is not to take any shortcuts and make sure you get a survey - it could come back to haunt you otherwise.

We’re looking to the drive the next phase of our growth as a company after joining Hampshire Chamber of Commerce.
We’ve employed more staff as part of an ongoing recruitment drive, boosted turnover and expanded our wide range of expert property services over the past 12 months.
Our exciting expansion plans are continuing this year and we’re looking forward to exploring all of the opportunities that Chamber membership brings.

We're warning investors against cutting corners to beat a Stamp Duty rise in April.
Our caution comes before a new 3% surcharge comes into force on April 1 for second and holiday homes as well as buy-to-let properties.
Chancellor George Osborne is due to unveil full details of the new levy - on top of the existing Stamp Duty to be paid on a property – in his Budget on Wednesday March 16.
Ian Lee, one of our directors at our Fairway Business Centre headquarters, said: “The new Stamp Duty surcharge has understandably caused some concern.


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