Introduction
This report is designed to help you make informed decisions on your mortgage by showing key up-to-date figures on property prices, sales times, mortgage approvals and first-time buyer activity in Nottingham. This data, combined with our own professional mortgage broker insights, will help you understand what’s going on in and around Nottingham’s mortgage market.
It includes information from Land Registry, UK Finance, Rightmove and ONS.
While this is a useful resource, the data provided is for informational purposes only. Seeking professional, tailored advice from a qualified and experienced broker is prudent.
Nottingham Property and mortgage market summary
ONS data shows Nottingham’s average house price at around £194,000 in November 2025 (provisional). This was up marginally by 1.5% from November 2024. Though it was lower than the rise in the East Midlands for the same period – 2.7%.
In contrast, average private rents are rising at a solid pace – reaching an average of £1,000 in December 2025 – reflecting continued pressure in the rental sector despite signs of national cooling. This was an increase of 5.9% from £944 in December 2024 and was higher than the increase in the East Midlands (5.3%) over the year.
This reflects the broader national trend: house price growth is slowing, while rents continue to climb, with improvements in mortgage affordability driven primarily by rising incomes and lower mortgage rates, rather than a drop in property prices.
Mortgage approvals across the UK stood at around 64,500 for November 2025. This represents the lowest figure seen in five months, though it still surpassed market forecasts.
While the exact number of mortgage approvals for the Nottingham region is not detailed in available statistics, the national data is typically representative of what is going on locally.
First-time buyers paid an average of £178,000 for their home in November 2025 (provisional), which was 1.7% higher than the average of £175,000 in November 2024. While homes bought using a mortgage averaged out at £196,000 in the same month (provisional), which was 1.7% higher than the average of £193,000 in November 2024.
Nottingham property prices
Naturally, the property type dictated the average price. In November 2025, detached properties in Nottingham cost an average of £322,000, semi-detached properties averaged £216,000, terraced homes were bought for an average of £172,000 and flats and maisonettes cost £129,000 on average.
