Why Nottingham is a hotspot for homebuyers

Mortgages

Nottingham has become a hotspot for purchasing property, with affordable properties being just one of the many reasons it is a great area to buy a home.

The average house price in Nottingham was £193,000 in August 2025, which is significantly lower than the £296,000 average for England.

What makes Nottingham an attractive place to buy property?

Some of the key reasons to buy property in Nottingham include:

  • Affordability – Average property prices are much lower than the national average. Many first-time buyers can buy properties for under the stamp duty threshold, and home movers can benefit from lower stamp duty on cheaper properties.
  • Amenities and schools – There is a good selection of schools in Nottingham, with high Ofsted ratings and strong academic performance. Places such as Sherwood Forest and Clumber Park offer plenty of green space, while the Peak District is a short distance away. There are great restaurants and shopping options like the Victoria Centre.
  • Transport – Nottingham has a well-developed transport system, featuring an integrated bus, tram, and train network. Train journeys to London and Manchester take less than two hours.
  • Job market – There is a strong job market, with large employers including the NHS, a growing technology sector, several universities and advanced manufacturing providing job opportunities.

Nottingham’s property market trends

After the North West, the East Midlands has seen the second highest house price growth in England, with the City of Nottingham experiencing house price growth of around 60% over the last ten years (£115,029 to £193,422). Areas such as Eastwood and West Bridgford have seen robust house price growth.

Best areas to buy in Nottingham

Some of the most desirable areas to live in Nottingham include Beeston Fields, The Park, Hockley, Lace Market, and West Bridgford. The most affordable homes are located in Bassetlaw, Mansfield, and Nottingham East, while the most expensive are found in Rushcliffe. Mapperley is another good place to live, with excellent schools and amenities.

image showing Nottingham from above

Nottingham’s economy is worth approximately £11bn, with strong growth in the creative and digital sectors.

How Nottingham’s transport and economy influence demand

Nottingham’s economy is worth approximately £11bn, with strong growth in the creative and digital sectors. Nottingham City Council has an ambitious Economic Plan for Growth, which includes targets to create 12,000 new jobs and generate an additional £500 million in Gross Value Added (GVA).

A £3.2 million investment into the transport system is also helping to drive higher demand in the area. Plans include providing additional electric buses to help meet the Carbon Neutral target by 2028.

Mortgage options for property buyers in Nottingham

There are numerous mortgage options available to buyers in Nottingham, including residential mortgages and buy-to-let mortgages. The city is a popular area for property investment, particularly due to the high student population and demand for student housing.

Whether you are looking for a residential or investment mortgage, our local mortgage broker team based in Nottingham has expert knowledge of the Nottingham property market. Get in touch to find out more about the available mortgage options for buying property in Nottingham.

Approver Quilter Financial Services Ltd 26/11/2025.