Portsmouth Property Market Update – February 2026
The Portsmouth property market continues to show resilience as we move through February 2026, with encouraging signs for buyers, sellers, and investors alike. While national headlines often focus on broader market uncertainty, the reality on the ground in Portsmouth is far more nuanced.
Local Prices: A Mixed but Stable Picture
Property prices across Portsmouth have remained relatively stable compared to this time last year. Some areas have seen modest price adjustments, while others have experienced steady or even positive growth. This variation highlights how important hyper-local knowledge is when pricing a property or assessing value.
Terraced and semi-detached homes continue to dominate buyer interest, particularly among first-time buyers and growing families, helping to keep demand consistent across much of the city.
Average Property Values
Recent sales data places average property prices in Portsmouth broadly between £280,000 and £330,000, depending on location, property type, and condition. Well-presented homes priced realistically are still achieving strong levels of interest, with competitively priced properties often receiving multiple viewings early on.
Mortgage Market & Buyer Confidence
Mortgage conditions have improved compared to last year. Interest rates have stabilised, and lenders are gradually becoming more flexible with affordability assessments. This has boosted buyer confidence and allowed more purchasers to re-enter the market after sitting on the sidelines.
As a result, we are seeing renewed activity from:
First-time buyers
Home movers upsizing or downsizing
Investors seeking long-term rental potential
What This Means for Sellers
For homeowners considering selling, pricing strategy and presentation remain key. Buyers are well informed and selective, but they are still willing to proceed when a property is marketed correctly. Strong photography, clear descriptions, and realistic pricing are proving crucial in achieving timely sales.
What This Means for Buyers
Buyers benefit from improved mortgage options and a more balanced market. With a wider choice of properties available than in previous years, there is greater opportunity to negotiate and secure the right home without the intense pressure seen in peak market conditions.
Looking Ahead
As we progress further into 2026, the Portsmouth market is expected to remain steady, supported by consistent local demand, strong transport links, and the city’s ongoing appeal as a place to live and invest.
Whether you are considering selling, buying, or simply want to understand where your property sits in today’s market, staying informed is the first step to making confident decisions.
