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 £190,000 in July 2026 (provisional). This was down by around 1.3% from July 2025, contrasting with a 1.9% rise across the East Midlands over the same period.
In contrast, average private rents are continuing to rise – reaching an average of around £1,014 in August 2026, up 1.8% annually – reflecting continued pressure in the rental sector despite signs of national cooling. Rental growth has moderated and is now below the East Midlands average of 3.7%.
This reflects the broader national trend: house price growth remains modest, while rents continue to climb. Mortgage affordability remains under pressure from higher borrowing costs, despite wage growth, with rates on newly drawn mortgages increasing in recent months.
Mortgage approvals across the UK stood at around 54,900 in August 2026, down from approximately 55,900 in July and 65,400 in August 2025, indicating a more cautious housing market.
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 £175,000 for their home in July 2026 (provisional), down from £177,000 a year earlier. Homes bought using a mortgage averaged around £192,000 during the period.
Nottingham property prices
Naturally, the property type dictated the average price. In July 2026, detached properties in Nottingham cost an average of £317,000, semi-detached properties averaged £213,000, terraced homes were bought for an average of £169,000 and flats and maisonettes cost £124,000 on average.
