We release our latest report on Nottingham house prices, spring 2019.
Nottingham house prices continue to grow.
Over the last three months Nottingham house prices have steadily increased by 0.3%. This means that in the last 12 months the city has seen growth of 4.4%.
The East Midlands as a whole has also seen good growth. Prices have increased 0.6% since last month and the region is still one of the quickest throughout the whole of England when it comes to agreeing a sale.
Rightmove state that average agreed sale time is 65 days, only beaten by the West Midlands at 61 days.
Is Brexit affecting the housing market?
It appears that Brexit is now having little to no effect on the housing market. House prices are still growing and housing transactions are still strong.
Transactions are always a good indicator for how the market is holding up and HomeTrack and Zoopla report that there is no obvious impact across the country. Transaction volumes over the last year have remained in line with the 5 year average.
Phil Spencer’s take on Brexit
Television personality and property expert Phil Spencer has also had his say. In an exclusive interview with the Daily Express, Phil explains that there will now probably be no change at all in the housing market, whatever the outcome of Brexit. Phil goes on to explain “I think Brexit’s already had its effect to be honest”.
The housing market in Nottingham continues to outperform most of the country, making it ideal for investors and home movers. Prices are still affordable for first time buyers and mortgages are readily available.
The time it takes to agree a sale and move in to a new property is also very positive.
Time to look at selling your property?
Find out today how much your property is worth and see how we can help you sell. Call us on 0115 924 3304 or use the form below.