Boomtown stats sing Portsmouth’s praises

Portsmouth has been hailed as one of the country’s new boomtowns, according to a survey just released.
It has been named as one of the 11 town and cities set for sizeable property price growth in 2016, according to an exclusive ‘Next Wave’ survey by data consultancy firm Hometrack for the Sunday Times.
Its study, based on long term economic indicators, and takes into account such factors as good transport links, a larger than average private rental sector, a substantial student population and a strengthening private sector creating more jobs.
It rubs shoulders in the survey with such urban hot spots as Bournemouth, Brighton, Cardiff, Edinburgh, Nottingham, Leeds and Sheffield.
The entry for Portsmouth refers to a 6.8% rise in property prices in 2015 taking the typical house price to £204,464 – some 11.3% above the property peak in 2007.
It also hails the city’s vibrant waterfront, Southsea and Gunwharf Quays.
The survey says the towns and cities are in for a ‘Golden Age’ as the London property market cools and people start looking elsewhere.
We’ve certainly noticed the uplift and it is good to see the city getting some positive coverage although there is still more work to do as a city.
Read more at www.thesundaytimes.co.uk/sto/style/homes_and_gardens/Move/article1661829.ece

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