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

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

The Portsmouth property market recorded 2,921 residential sales in the 12 months to 30 June 2026, with a median sale price of £250,500. This places Portsmouth £102k below the Hampshire county median of £352,625, and £35k below the approximate UK median of £285,000.

Prices in Portsmouth have shown modest growth, a year-on-year change of +0.2%. 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 Q1 2025 to £251,500 in Q2 2026, a change of +0.6% over 5 quarters.

The local planning authority for Portsmouth approved 19 residential planning applications and refused 19 in Q3 2026 (1 July to 30 September 2026), with 56 still awaiting a decision. That is an approval rate of 50%. Planning figures come from local planning authority records compiled by Landstack, retrieved on 3 October 2026. Councils and Landstack can take several days to publish decisions, so decisions made in the final days of Q3 2026 may not all be included yet.

Schemes approved in Q3 2026, together with those still awaiting a decision, propose around 139 homes, an estimated £32.3m 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 £505,000, while flat properties are most accessible at £165,000. The £340k 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, 415 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 £125,000 to £490,000 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 £250,500 and detached homes at £505,000, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Portsmouth with a GDV of £505,000 would attract senior debt of approximately £328,250 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 0.2% 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.