PPA on Facebook PPA on Twitter PPA on Linkedin
PPA : Spinnaker Tower
PPA : Spinnaker Tower

The RICS Commercial Property Market Survey results Q2 2018

The Q2 2018 RICS UK Commercial Property Market survey results show the downturn across the retail sector intensifying, with stores in secondary locations displaying particularly negative rental and capital value projections. This remains in contrast with the performance of the industrial sector, which continues to attract solid demand from both occupiers and investors.

You can see the full report here

Comment by PPA member Tom Holloway, Director at Holloway, Iliffe & Mitchell, features on page 8 where Tom said: “Uncertainty in the market in general is starting to filter through to decision making. Scarcity of freehold opportunities is making it a sellers market when they appear, particularly in the industrial and office sectors.”

 

 

Cricket clash sees Portsmouth reign victorious over Southampton

Off the pitch, we are friendly business rivals – but on the bone-dry turf there was little room for sentiment.

The fiercely-contested annual cricket match took place between members of Portsmouth Property Association (PPA) and Southampton Property Association (SPA) on Saturday 21st July.

Both associations represent hundreds of businessmen and women involved in residential and commercial property across the Solent region.

In a tense finish, PPA wrested the engraved silver trophy back from the SPA by one wicket in the 20-overs clash at St Helens Fields, Southsea.

Match organiser Andrew Prismall, Managing Director at HW Conveyancing Searches, said: “Having won the toss, SPA went into bat first and left the PPA chasing 90 for five in the heat.

“The odds were stacked against the PPA but the last batting pair, comprising of Tom Foster and 11th man Harnish Patel, who hadn’t played since school, somehow snatched victory from the jaws of defeat. With 18 runs needed, Tom thankfully rattled the boundaries. “Hats off to the PPA’s Dave Greetham for getting us off to a cracking start – he had to retire after hitting the 30-run maximum.”

Members of the PPA team included Nigel Kirkby of The Martin Ralph Group, Andy Hellier of Hellier Langston, Matthew Shaw of Banco Santander, Matthew Walton of Woodgate and Co, Steve Pozerskis of Bruton Knowles, Nigel Strutt of ADN Financial Solutions, Harnish Patel of Vail Williams, Dave Greetham of Gleeds and Tom Foster of Lewis Brownlee.

Members of the SPA team included Andy Gibbs of Charters Commercial, Joe Walker of Vail Williams, Jonathan Manhire of JLL, Kevin Parish of Smith & Williamson, Max Smeeth and Paul Moore of Ridge and Partners, Steve Fahy of Working Capital Specialists, Stuart Taylor of Duologi, Lenny Dalby of Blake Morgan and Simon Campbell.

PPA features in The News – 13th July 2018

This article, written by Kimberly Barber appeared in The Portsmouth News on 13th July 2018.

‘Dozens of hearing-impaired children are to receive listening and talking support thanks to a record-breaking donation of nearly £12,000 from Portsmouth Property Association. Much of the cash for The Elizabeth Foundation was raised at the PPA’s annual black-tie event.

Fiona Heath, fundraising manager at the foundation, in Cosham, said: ‘To fully support our 86 students a year, we need to raise £800,000. We do not receive any statutory funding, which leaves us relying on donations.

‘The money will massively help to achieve our goal of helping deaf children in the community learn crucial skills in listening and talking. We are incredibly grateful.’

PPA chairman Tom Holloway said: ‘It is lovely to see the PPA make a positive difference to the quality of life for children with hearing loss.’

More than £100,000 has been raised by the PPA for charities in the past 13 years. Members include estate agents, auctioneers, lettings and property agents, commercial property agents, chartered surveyors, developers, accountants, solicitors and bankers.

Read the full article here

Yvonne Stephenson

Yvonne joined Now Legal LLP in May 2014 and was made a partner in the firm in October 2017. Yvonne is a solicitor and specialises in all aspects of both commercial property and residential conveyancing work. She also has experience in business sales and business purchases.

You can contact Yvonne by email: ystephenson@now-legal.com or by telephone: 01489 865170.

Branches in: FAREHAM
Members: Yvonne Stephenson

Portsmouth makes the Top 20 table of UK cities with growing property values

An article in the Property News section of the Zoopla website has today revealed that property values in Portsmouth have risen by 5.4% over the last year. This means that Portsmouth is 9th in the league table of UK cities in which property values have increased since the same time in 2017. The figures come from the Hometrack UK Cities House Price Index, and  is good news for current homeowners, who can be confident that their property has at least retained it’s value since last year, or it might have even enjoyed an increase in value/level of equity.  See the complete Top 20 of UK cities with the fastest growth in property prices, in the table below.

 

 

 

 

 

 

 

 

Source: Zoopla – 29th June 2018