The Intermediary – August 2025 - Flipbook - Page 88
Nottingham
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NOTTINGHAM
Each month, The Intermediary takes a close-up
look at the housing market in a specific region and
speaks to the experts supporting the area to find out
what makes their territory unique
oingham’s housing
market has long
balanced heritage with
modern momentum.
It is a city where
Victorian terraces sit
alongside sleek new developments
and a thriving rental sector. With two
universities driving steady demand, a
vibrant professional population, and
strong transport links at the heart of
the Midlands, the city remains a focal
point for potential property investors.
Yet, like much of the UK,
Noingham is navigating the
headwinds of affordability pressures,
shiing mortgage rates, and evolving
buyer priorities. This month, The
Intermediary takes a closer look at how
the property landscape in Noingham
is adapting to these challenges – and
the opportunities it presents for both
brokers and their clients.
N
Property values
Noingham’s property market has
shown steady resilience over the
past year, with average prices across
the postcode area now standing at
£251,000 – a modest £3,900 (2%)
rise compared to 12 months ago.
The median price sits lower at
£215,000, reflecting the breadth of
affordability across the city and its
surrounding areas.
Established properties currently
average £248,000, while new-build
homes command a significant
premium at £312,000.
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The Intermediary | August 2025
Transaction levels, however, tell a
more cautious story: 14,100 sales were
recorded, a decline of 10.6%, or 1,800
fewer transactions year-on-year. Most
activity took place in the £150,000 to
£200,000 range, which accounted for
nearly a quarter (24.4%) of all sales,
followed by the £200,000 to £250,000
band at 18.7%.
Affordability contrasts sharply
across the region, with the NG1 4
postcode averaging just £98,200, while
NG11 0 tops the scale at £546,000.
By property type, detached homes
lead the market at £361,000, while
semi-detached (£222,000), terraced
(£173,000), and flats (£144,000)
continue to provide more accessible
entrypoints for a wide range of buyers.
A buyer’s market
The Noingham property market is
currently defined by both resilience
and renewed buyer leverage, as local
brokers describe a city where demand
remains strong, but the balance of
power is shiing.
Imran Hussain, director at
Harmony Financial Services, notes
that “the Noingham property
market has demonstrated remarkable
resilience through 2024 and into
2025,” with a steady increase in
mortgage appetite as interest rates
begin to stabilise.
Demand is coming from multiple
directions, with both renters seizing
opportunities to step onto the ladder,
and landlords actively acquiring
properties from others exiting the
market. This breadth of demand has
helped to keep activity buoyant despite
wider economic pressures.
At the same time, Noingham is
experiencing a surge in supply. As
Lewis Atkinson, senior mortgage and
protection adviser at Just Mortgages,
explains: “There are more houses on
the market right now than there has
been in the last decade, [with] more
than 5,000 properties currently listed
across the city.” This influx has tipped
conditions into “a buyers’ market,”
where house hunters enjoy far greater
freedom of choice and stronger
negotiating power.
With sellers competing harder to
stand out, properties are increasingly
subject to price reductions, giving
buyers more scope to save money.
Atkinson stresses that understanding
one’s position and value in
