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 £197,000 in April 2026 (provisional). This was up by around 1.2% from April 2025. Though it remained lower than the rise in the East Midlands for the same period – 5.5%.
In contrast, average private rents are rising at a solid pace – reaching an average of around £1,018 in May 2026 – reflecting continued pressure in the rental sector despite signs of national cooling. Rental growth has moderated slightly but continues to outpace house price growth across the region.
This reflects the broader national trend: house price growth remains modest, while rents continue to climb. Mortgage affordability has improved gradually through wage growth and greater stability in mortgage rates, although borrowing costs remain higher than historic lows..
Mortgage approvals across the UK stood at around 56,200 in May 2026. While lower than a year earlier, approval levels remain broadly consistent with a stable 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 £181,000 for their home in April 2026 (provisional). Homes bought using a mortgage averaged around £199,000 during the period.
Nottingham property prices
Naturally, the property type dictated the average price. In April 2026, detached properties in Nottingham cost an average of £325,000, semi-detached properties averaged £218,000, terraced homes were bought for an average of £174,000 and flats and maisonettes cost £130,000 on average.
