Nottingham House Prices in 2018: An update
We give you the lowdown on current Nottingham house prices in 2018. UK house price growth is up +5.5% across the country within the last 12 months (March 2017-March 2018). The supply of homes for sale across the country has also increased slightly over the last few months and it looks like the housing market is continuing to pick up after the winter period.
Rightmove have also reported record visits to their website throughout March 2018, which shows a strong interest from those looking to buy property.
Nottingham House Prices 2018
Hometrack have released their latest housing market report and Nottingham is doing incredibly well when compared to the rest of the UK. We sit in 2nd place for property price growth in the last 12 months, at a rate of +8%, well above the average. The only city to beat Nottingham was Edinburgh at +8.1%, which is hardly a large increase.
Nottingham also sits in 2nd place across the country for property price growth in the last 3 months. Prices are up +2.7%, again just under Edinburgh at +3.2%.
There is yet more good news for Nottingham as it also ranks in 3rd position for overall house price growth in the last month. Prices have grown +0.9%, which is behind Belfast at +1% and Edinburgh again at 1.5%.
The overall average property price in the city is £148,000.
Taking all this information into account, Nottingham house prices in 2018 are currently the best for growth across the whole of England.
East Midlands House Prices 2018
House prices in the East Midlands as a whole are also up. They have increased by +4.2% annually and 1.5% over the last month. The overall average property price in the East Midlands in April 2018 stands at £221,297.
Interesting to note is that the East Midlands is still selling property very quickly. The average sale only takes 55 days, which is 3rd across the UK, just behind the West Midlands and Scotland.
How much is your house worth in Nottingham?
As house prices continue to rise, how much is your property now worth?
Find out for free, with no obligation to sell. Just fill in the below form or call 0115 9243304 to talk to our Estate Agents Nottingham.