At the turn of the year, Nottingham was hailed by Zoopla as the city which held the most reliable market fundamentals going into 2020. In the December UK Cities House Price Index, Nottingham’s house price inflation was classed as +5.2%.
It is fair to say that the market has experienced a number of influencing factors since that time, but there is still reason to believe Nottingham is one of the strongest cities for housing demand in the country.
At Holdencopley, we know the Nottingham property market inside out, and we know there are many reasons why people are looking to buy in the city.
Employment is steady in Nottingham
When it comes to factors which drive demand for housing, employment is one of the most important. Thankfully, there are many reasons why Nottingham is the ideal location for businesses, which ensures there are jobs in the area, which creates the demand for housing.
Nottingham’s location, and the dependable transport links, encourage business to set up in the area. Major companies such as Siemens, Capital One, E-ON, Experian, G&M and Alliance Boots have all set up home in the city. Nottingham has also benefited from emerging digital and media economies in the area.
You also need to consider the impact of the two leading Universities in the city. There is a significant level of academic employment in the city, and with many graduates choosing to stay in the city after their studies, there is a platform of talent for employers to choose from, which encourages more companies to develop a presence in the city.
Transport options are reliable in Nottingham
The standard, reliability and frequency of transport options are crucial in determining if a city is an excellent choice for many households. With Nottingham, you have nothing to worry about. You have one of the largest bus networks in the UK, which is publicly owned, and there is also the Nottingham Express Transit tram system.
For people looking to get in and out of the city, for work or play, there are plenty of reliable options.
You will also find that Nottingham is well connected to the rest of the country. Nottingham’s location ensures you can reach virtually part of England within four hours. Leicester and Sheffield are just a 30-minute drive away while London can be reached by car in around three hours.
Of course, if you are travelling to London, the train from Nottingham to St Pancras station is just a 90-minute trip, and you can travel to Manchester in less than two hours by train. When you also consider Nottingham is conveniently located for East Midlands Airport, you’ll see the transport options in and around Nottingham are convenient and dependable.
Education in Nottingham offers something for everyone
While the leading Universities in the city helps drive employment and demand for homes, the standard of schools in Nottingham ensures families feel comfortable living in the area. The availability of good schools is a leading factor in demand for housing, and Nottingham is well covered in this area.
West Bridgford is the leading area for schools in the city, with West Bridgford Infant School, West Bridgford Junior and The West Bridgford Secondary School all recognised as “Outstanding” by Ofsted.
However, you also have Beeston, which provides a great range of primary and secondary schools in the local area. Eskdale Junior is recognised as ”Outstanding” by Ofsted while Beeston Primary, Beeston Fields Primary, Round Hill, John Clifford and Bramcote CofE are recognised as “Good” by Ofsted. For secondary schools in the area, you have Foxwood Academy, Chilwell School and Alderman White; all classed as “Good”.
Park Estate is also a suitable area, with St Joseph’s and Dunkirk rated as “Good” primary schools, and Edna G Olds Academy holds an “Outstanding” rating from Ofsted.
We offer property management, property to rent and property for sale in Arnold, Woodthorpe, West Bridgford, Hucknall, Carlton, Wilford, Mapperley and throughout the Nottingham area. If you would like to arrange an appointment to help you negotiate the local buy-to-let market, please contact Holdencopley today by calling us on 01158969800 or emailing steven@holdencopley.co.uk.
Looking to sell your property? Take a look at the stunning properties that we currently have for sale in Nottingham, Long Eaton, Arnold, and the surrounding areas.