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Property for sale in Nottingham
Nottingham is the heart of the East Midlands with a population of around 330.000 people, most of them are students and young professionals, which makes it one of the youngest cities in the UK. Undergoing substantial regeneration and economic growth, Nottingham is a city in its ascendency.
With strong capital growth potential, attractive rental yields and a sustainable student and growing young professional demographic, not to mention relatively affordable housing prices, now is a great time to invest in property for sale in Nottingham.
If you are undecided about whether investing in a property for sale in Nottingham is the right move, take a look at some more reasons why this is a great investment.
Thanks to strong prospects and a rapidly growing economy, Nottingham is a particularly attractive UK city to invest in property. Ranking a top 10 city in the UK for growth, Nottingham’s metropolitan economy is the seventh-largest in the United Kingdom with a GDP of £24.9 billion and growing at a rate of 1.7%, outperforming Birmingham, Liverpool and Sheffield.
Nottingham has a long and enchanting history which brings a lot of tourists every year.
The city is also known as a home to the world-famous character -Robin Hood, where people can Immerse a real “Robin Hood experience”. Shortly, an ideal investment for people who are looking for historical significance.
According to Hometrack, Nottingham is one of the cheapest cities for Property Investment in the UK. Only Glasgow, Liverpool, Newcastle, and Sheffield have lower prices. The current average price is £175,700 with a rise of 7.3% over a year.
This is why Nottingham is an accessible property market for many buyers.
Thanks to the world-class known University of Nottingham and Nottingham Trent University there are over 60.000 students in the city. These two universities bring new young talents to boost their economy. According to the University of Nottingham, they are recruiting students all over the world. Many of these students stay in the city after graduation, contributing a range of talents to the city’s economy and providing property investors with additional rental opportunities. With such a demand from students (domestic and international), investing in property for sale in Nottingham should bring a significant return on investments.
Nottingham’s thriving business scene attracts a wide range of companies to the city
According to The Times, Nottingham is the best place to live in 2020. Thanks to a strong independent retail scene alongside designer brands and high-street favourites, Nottingham makes one of the best places in the UK to go shopping. Over 50 national and regional companies have chosen Nottingham as their headquarters including global giants like Boots, E.ON, Speedo, Experian, Capital One, and Paul Smith.
The city’s economic growth is also supported by high-net-worth industries, boosting its appeal among young professionals, who are likely to seek out a rental property, which is good news for property investment in Nottingham.