Portsmouth Property Market: House Prices, Sold Data & Development Finance, Q3 2026 Edition

Portsmouth: Naval city with waterfront development opportunities and strong rental demand from military personnel.

The Portsmouth property market recorded 2,842 residential sales in the 12 months to 31 May 2026, with a median sale price of £252,000. This places Portsmouth £99k below the Hampshire county median of £350,875, and £33k below the approximate UK median of £285,000.

Prices in Portsmouth have shown modest growth, a year-on-year change of +0.8%. Within Hampshire, Portsmouth ranks 9th by price out of 10 principal towns, and 2nd by transaction volume.

On a quarterly view, Portsmouth median prices moved from £250,000 in Q3 2024 to £252,250 in Q4 2025, a change of +0.9% over 5 quarters. Portsmouth has now recorded 2 consecutive quarters of price growth. The most recent quarter is excluded because HM Land Registry registrations for it are still incomplete.

Portsmouth City Council, the local planning authority covering Portsmouth, approved 95 residential planning applications and refused 46 in the last 12 months, with 112 still awaiting a decision. That is an approval rate of 67%.

Those applications propose around 616 homes, an estimated £122.1m of development value at local sale prices. Treat the unit total as an upper bound, since an outline permission and its reserved-matters application both count.

Property prices in Portsmouth vary significantly by type. The table below compares Portsmouth prices with Hampshire county averages and UK national figures.

Detached homes in Portsmouth command £499,000, while flat properties are most accessible at £163,000. The £336k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

HM Land Registry has so far registered 1 new-build sales in Portsmouth for the past 12 months, 0.0% of registered transactions. New-build sales are typically registered 6 to 18 months after completion, so this understates current delivery and is not a completions figure.

Too few new-build sales have registered yet to quote a reliable new-build premium for Portsmouth.

Across the wider Hampshire market, 454 new-build sales have registered so far. See our Hampshire property market report for the full county picture.

The table below shows the most recently registered residential sales in Portsmouth, evidence of achieved prices for buyers, sellers and developers:

These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £148,000 to £500,000 illustrates the breadth of the Portsmouth market.

For developers considering Portsmouth, the local market data translates directly into finance structuring. With a median value of £252,000 and detached homes at £499,000, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Portsmouth with a GDV of £499,000 would attract senior debt of approximately £324,350 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.

With prices rising 0.8% year-on-year, Portsmouth presents a supportive environment for new development. Lenders view positive price momentum favourably when assessing loan applications.

Ready to develop in Portsmouth? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.

To put Portsmouth's market in context, the table below compares it with similarly-priced towns across Hampshire:

For the full Hampshire town-by-town breakdown, see our comprehensive Hampshire property market report.