House Prices in Nottingham: We top every UK city for growth
Nottingham now ranks as the top city in the UK for house price growth according to Hometrack. House prices in Nottingham have risen 7.5% in the last 12 months which puts us above Leicester at 6.6% and Liverpool at 6.3%.
Nottingham house prices are also the fastest growing in the last 3 months at 3.9%. Glasgow comes in second for the last 3 months growth at 3.3% and Leeds in third at 3.1%.
That’s not all though; Nottingham house prices were also the highest growing in the last month alone at 1.0%.
East Midlands Property Prices
East Midlands property prices have still had a strong increase in the last 12 months. Prices are up 3.4%. The average house price across the area is £223,172.
What does this mean for your Nottingham Property?
As an approximate value, if you paid £150,000 for a property 12 months ago then it could be worth over £161,000. If you paid £250,000 for a property then this could now be worth around £268,000 – an increase of over £18,000!
There has not been a better time for Nottingham property price growth in years, so if you’re thinking of selling then now could be a great time to do so.
Nottingham Rental Prices
Nottingham rental prices have also grown rapidly – Prices in the East Midlands as a whole have seen the largest growth in 40 months! Find out more here and see how much rent you should be getting for your buy to let investment property.