Fierce demand for property in Portsmouth

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A chartered surveyors in Portsmouth is expecting to see a rise in demand in January amid fierce competition for homes in the property market.

McAndrew Martin reported a record December as homebuyers and investors continued to lock horns over properties in the area.

Figures from Hometrack’s UK Cities Index showed average property prices had broken through the £200,000 barrier in Portsmouth at £201,300 – a 6.4 per cent rise on the year before.

Ian Lee, a director at McAndrew Martin, said: ‘We’ve had our busiest-ever December and continued to see demand grow for our services, particularly for surveys and reports for homebuyers.

‘The common factor seems to be speed because of fierce competition for properties.’