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UK Property Market Continues to Show Strong Levels of Activity

The UK property market continues to demonstrate encouraging levels of activity, with the latest figures showing that the number of homes being sold remains comfortably above pre-Covid levels.

According to the latest market data for the week ending 30 August 2026, 832,000 homes have gone under offer or been sold subject to contract so far this year.

That is 5.7% higher than the average for the same period between 2017 and 2019, when 789,000 properties had reached the same stage of the sales process.

For anyone considering moving home, the figures provide a positive indication that the property market continues to operate at a healthy level, with buyers and sellers actively making decisions and transactions continuing to take place.

Nearly 100,000 Sales Agreed in August

August also saw a significant number of properties agree sales.

There were 97,900 sales agreed during the month, considerably higher than the 87,600 recorded in August 2023.

This provides further evidence of an active market, with thousands of homeowners successfully finding buyers and thousands of purchasers moving forward with their plans.

The figures also demonstrate that there continues to be a good flow of property through the market as we move towards the autumn months.

Plenty of Property Coming to Market

There is also a healthy supply of homes available to buyers.

A total of 1.231 million new property listings had come onto the market by week 34 of the year. This is broadly in line with the same point in 2025 and is around 10% higher than the average for the equivalent period between 2017 and 2019.

There were approximately 767,000 properties available for sale on 1 August 2026, almost identical to the 763,000 available a year earlier.

For buyers, this provides plenty of choice across the market, while sellers continue to have the opportunity to put their property in front of a substantial pool of potential purchasers.

Most Sellers Are Achieving Their Asking Price

One particularly encouraging statistic is the proportion of sellers completing their sale without having to reduce their initial asking price.

Around 80% of sellers who completed a sale in 2026 did so without reducing their original asking price.

This highlights the importance of establishing an appropriate asking price from the outset and presenting a property effectively to the market.

For homeowners thinking about selling, an accurate valuation based on current market evidence can provide a strong starting point for a successful sale.

Property Values Continue to Rise

There is also positive news in the latest data on agreed sale prices.

The average price per square foot for properties where a sale was agreed reached £345.41 in July 2026. This represents a 1.2% increase compared with £341.43 a year earlier, and an 11.9% increase compared with five years ago.

While individual property values will naturally vary depending on location, size and condition, the longer-term figures demonstrate continued growth in the value of UK residential property.

A Positive Market for Buyers and Sellers

Taken as a whole, the latest figures provide plenty of reasons for confidence in the UK housing market.

Sales activity remains above the levels seen before the pandemic, almost 100,000 sales were agreed during August, more than a million properties have come onto the market during the year and average agreed prices per square foot remain above their level a year ago.

Every property market is different, and local conditions can vary considerably. However, the national figures provide a useful backdrop for anyone considering their next move.

At Benwell Daykin Estate Agents, we understand that buying or selling a property is about much more than national statistics. Local knowledge, an accurate valuation and effective marketing all play an important role in achieving the best possible outcome.

If you’re thinking about moving home, contact Benwell Daykin Estate Agents for an up-to-date valuation and advice on the current market.

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The Renters’ Rights Act in 2026

The Renters’ Rights Act is the biggest shake-up of the private rented sector in over 40 years, and it’s no longer on the horizon — it’s already law. The Act received Royal Assent on 27 October 2025, and the main tenancy reforms came into force on 1 May 2026. If you own a rental property anywhere in Nottinghamshire, whether it’s a single flat in West Bridgford, a family home in Ruddington, or an HMO let to students, these changes apply to you now. At Benwell Daykin, letting agents in Nottingham, we manage properties for landlords across the whole county, and this guide sets out exactly what’s changed and what you need to do about it.

What Is the Renters’ Rights Act?

The Renters’ Rights Act replaces the previous government’s stalled Renters (Reform) Bill and delivers on Labour’s manifesto commitment to overhaul renting in England. It rewrites the relationship between landlords and tenants across the board, covering how tenancies work, how rent can be increased, how landlords can regain possession of their property, and what information landlords must provide. The changes apply to new and existing tenancies alike, so if you’re a landlord with tenants already in place, you’re not exempt just because their agreement predates the Act.

Section 21 “No-Fault” Evictions Have Been Abolished

The headline change is the end of Section 21. Landlords can no longer serve a Section 21 notice to end a tenancy without giving a reason. If you need to regain possession of your property, you’ll now need to rely on one of the grounds set out under Section 8, which has been expanded to give landlords clearer routes to possession — for example, if you want to sell the property, move in yourself, or a family member needs to live there, or if the tenant is in serious rent arrears or breach of tenancy. The trade-off is that these grounds come with their own notice periods and evidence requirements, so it’s worth understanding which ground applies to your situation well before you need to use it.

If you’re unsure which grounds might apply to your property, our team can talk you through it — get in touch with us here or call 0115 990 2007.

All Tenancies Are Now Periodic

Fixed-term assured shorthold tenancies have effectively been abolished. Every tenancy is now a periodic tenancy with no fixed end date, meaning tenants can give notice to leave at any point (typically with a minimum notice period), and landlords can only end the tenancy using one of the Section 8 grounds. For landlords used to setting a 12-month fixed term, this is a significant shift in how you’ll plan re-lets, void periods, and cash flow — which is exactly the kind of thing a dedicated property manager should be tracking on your behalf.

New Rules on Rent Increases

Rent review clauses written into tenancy agreements no longer have any legal effect. From 1 May 2026, the only way to increase rent is via a Section 13 notice, and landlords must give tenants at least two months’ notice of any increase. Tenants also have the right to challenge a rent increase at a tribunal if they believe it’s above the market rate. This makes it more important than ever to base rent increases on solid local comparables rather than a flat annual percentage, since an increase that can’t be justified against the local market is now easier for a tenant to contest.

The Tenant Information Sheet

Landlords with tenancies that were already assured shorthold tenancies on 1 May 2026 were required to issue the government’s official Tenant Information Sheet to their tenants by 31 May 2026 — and failure to do so carries a civil penalty of up to £7,000. If you haven’t sent this yet, it needs urgent attention. Beyond that initial deadline, the requirement to provide this information sheet continues to apply to all new tenancies going forward, so it’s now a standard part of setting up any new letting.

What’s Still to Come

Not every part of the Act has landed yet. A new Private Rented Sector Database is due to begin a regional rollout from late 2026, with full launch expected in 2027, giving councils and tenants visibility of registered landlords and their compliance history. A Private Rented Sector Landlord Ombudsman, which will handle disputes without landlords or tenants needing to go to court, is expected to follow. The Decent Homes Standard, which will set minimum property condition requirements for the rental sector, isn’t expected to apply until much later in the implementation timeline. We’ll keep our landlords updated as each stage becomes clearer, but the direction of travel is consistent: more compliance obligations, more documentation, and more scrutiny of how rental properties are managed.

What This Means for HMO and Student Landlords

If you let to students or run an HMO, the same core changes apply — no more Section 21, periodic tenancies as standard, and the same Section 13 rent increase process. Student lets have historically relied on fixed 12-month terms that align with the academic year, so the shift to open-ended periodic tenancies is a particularly important one to plan around if this is your usual model. We manage a mix of single lets, family homes, and HMOs for professionals and students across Nottinghamshire, and we’re already adapting our processes for exactly this kind of property.

How Benwell Daykin Helps You Stay Compliant

This is a lot for any landlord to keep on top of alongside everything else involved in letting a property. That’s exactly why our fully managed landlord service exists — your dedicated property manager keeps track of notice periods, rent review timing, compliance deadlines, and documentation, so nothing slips through the net. Whether you’re renting out a buy-to-let property for the first time or you’ve been a landlord for years, our letting agents in Nottingham manage properties for landlords right across Nottinghamshire and we’re on top of every change as it lands.

Want a hand making sure your tenancies are compliant? Contact our team for friendly, straightforward advice, or call us on 0115 990 2007.

Frequently Asked Questions

Do I still need to serve notice to end a tenancy?

Yes. You’ll need to rely on one of the Section 8 grounds for possession rather than a Section 21 notice, and the notice period will depend on which ground applies to your situation.

Can I still increase the rent on my property?

Yes, but only via a Section 13 notice, giving tenants at least two months’ notice. Any rent review clause written into the original tenancy agreement no longer has legal effect.

What happens if I haven’t sent the Tenant Information Sheet?

Landlords who had an existing AST in place on 1 May 2026 were required to send this by 31 May 2026, with a civil penalty of up to £7,000 for non-compliance. If you haven’t done this, you should act urgently — our team can advise on next steps.

Do these changes apply to tenancies that started before May 2026?

Yes. The Act applies retrospectively to existing tenancies as well as new ones, so you’re not exempt because your tenancy agreement predates the reforms.

Does this affect HMOs and student lets differently to standard tenancies?

The core changes — abolition of Section 21, periodic tenancies, and the new rent increase process — apply in the same way. The main practical difference is that HMO and student landlords who relied on fixed academic-year terms will need to plan re-lets differently now that open-ended periodic tenancies are the default.

Where can I get help staying compliant?

Our fully managed landlord service covers compliance as standard, so you don’t have to track every deadline yourself. Call us on 0115 990 2007 or contact us here to find out more.

Talk to Nottinghamshire’s Landlord Specialists

Legislation like this is exactly why so many landlords across Nottinghamshire choose to work with a letting agent who stays on top of the detail. If you’d like to know how the Renters’ Rights Act affects your specific property, or you’re considering letting a property for the first time, get in touch with our team or call us on 0115 990 2007 for friendly, straightforward advice.

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Nottingham’s lettings market is the busiest in Britain

New research from Propoly has confirmed what we see on the ground every day: Nottingham has more rental activity per letting agency than anywhere else in the country. Nottingham’s letting agents are managing more than double the average number of rental properties handled per agent across 21 major British cities.

The research looked at available rental listings across those 21 cities in July 2026, using market data sourced via Rightmove to measure how much activity each local market was generating.

Nottingham recorded 3,078 available rental listings in the snapshot — a volume of demand that puts it well ahead of every other city studied, and far above the national average of 13.1 listings per agency.

What this means if you’re renting or letting in Nottingham

Sim Sekhon, group chief executive at Propoly, put it well: the volume of rental stock a market generates shapes the operational challenge of managing it, and efficiency becomes critical as demand grows. The systems and processes in place directly affect how quickly properties get marketed, how enquiries are handled, and how smoothly tenancies progress.

That’s exactly why it matters how your letting agent is set up in a market like Nottingham. With nearly two and a half times the national average level of demand, keeping pace requires the right systems — otherwise properties sit longer, enquiries get missed, and tenancies stall.

This is where Benwell Daykin’s approach makes the difference. Our systems and processes for landlords are built around handling exactly this kind of demand without losing the responsiveness that landlords and tenants rely on. We know Nottingham’s rental market inside out, and we’ve structured the way we work specifically to match its pace.

If you’re a landlord wondering whether your property is performing as it should in this market, it’s worth getting a free rental valuation. And if you’re searching for a home to rent, you can browse our current listings directly.

Our take: Nottingham’s rental market isn’t just busy, it’s the busiest in Britain by some distance. That puts real pressure on how a letting agency needs to operate day to day. If you’re a landlord or tenant in Nottingham, that’s precisely why working with an experienced, well-resourced agent matters more here than almost anywhere else in the country.

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2026 Home Buying Reforms: What Do They Mean for Buyers and Sellers?

The government has announced a significant package of reforms designed to overhaul the home buying and selling process in England. For anyone currently on the market — or thinking about making a move — it’s worth understanding what’s changing and why it matters.

What’s being proposed?

The Ministry of Housing, Communities and Local Government (MHCLG) unveiled the reforms on 19 June 2026, describing them as the biggest shake-up of the homebuying process in a generation. Here are the key changes:

  • Upfront sales packs — Sellers and estate agents will be required to provide a sales pack at the point of listing. This will include the property’s condition, leasehold costs, and chain status, so buyers have the information they need before making an offer.
  • Earlier binding agreements — Transactions will become legally binding much sooner — from the point an offer is accepted. If either party pulls out without valid reason, they face a financial penalty. This is designed to reduce the risk of late-stage fall-throughs and gazumping.
  • Digital identity checks — Buyers and sellers will no longer need to repeatedly prove their identity to multiple professionals. A single trusted digital verification will be accepted across the process, cutting duplication and delays.
  • AI-assisted conveyancing — The government is backing the use of AI tools to help conveyancers work more efficiently, reduce paperwork, and speed up transactions.
  • Digital property logbooks — Property information will be stored and shared digitally in real time between buyers, sellers, and professionals, replacing slow and unreliable paper-based systems.
  • New code of practice for estate agents — Minimum standards will be introduced later in 2026, followed by a consultation on estate agent qualifications in 2027.
  • Electronic signatures — Documents can be signed digitally throughout the process, removing another common source of delay.

The government estimates these changes could cut around four weeks from the average transaction time and save first-time buyers an average of £650.

Why does this matter?

Anyone who has been through a property transaction will know how stressful the current process can be. Weeks — sometimes months — can pass between an offer being accepted and exchange of contracts, with little certainty on either side. Fall-throughs are common, costly, and often avoidable.

Industry figures broadly welcomed the announcement. Nationwide’s Group Director of Mortgages described the proposals as a major milestone in the efforts to simplify and streamline the homebuying process, noting that giving buyers key information upfront at the point a property is listed has the potential to transform the process.

What does it mean for sellers?

One of the more significant shifts is the expectation that sellers will need to prepare more information before going to market — likely including a digital property pack and, in some cases, a survey. This is a departure from the current norm where much of this information is gathered reactively once a buyer is found.

The upside is that transactions should move faster once a sale is agreed, and there’s less risk of a deal falling apart due to issues that could have been identified earlier. The downside, as some in the industry have noted, is that sellers will need to invest more time and potentially money before listing.

Thinking of moving?

If you’re considering putting your property on the market — or starting your search for a new home — it’s a good time to speak to an experienced agent who can guide you through the current process while keeping an eye on what’s coming. At Benwell Daykin estate agents, we’re here to help at every stage. Get in touch with our team to find out more.

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Nottingham Rental Prices 2026 – Here’s What The Market Data Shows

The latest Zoopla Rental Market Report is out, and if you own a rental property — or you’ve been thinking about letting one — it makes for good reading.

Steady rent growth, nothing dramatic

Rents on new lets have risen 1.9% over the past year, and Zoopla is forecasting continued growth of around 2–3% through 2026. That’s not headline-grabbing, but it’s consistent and predictable — exactly what a buy-to-let investment should deliver. Rents are going up, and that’s expected to continue.

Rental supply remains 23% below pre-pandemic levels. Demand for good rental homes hasn’t gone away. The numbers reflect that.

Tenants are in better financial shape

Earnings have been rising faster than rents for the past 18 months. That means your tenants are under less financial pressure than they were in 2023. Tenants who can comfortably afford their rent stay longer, pay on time, and look after a property. That’s better for everyone.

More time to find the right tenant

The average time to let a property is now 20 days. You’re not going to be left waiting — but you do have the breathing room to find a good tenant rather than taking the first application through the door. That matters more than most landlords realise.

Thinking of letting a property?

The number of homes available to rent has grown 11% year-on-year, partly driven by homeowners choosing to let rather than sell in the current market. If that sounds like your situation, the timing is good.

Our take

The rental market in Nottingham remains strong. Rents are rising, demand is solid, and quality landlords with well-presented properties are still letting quickly and achieving good yields. If you’d like a rental valuation or want to talk through your options, get in touch with the team at Benwell Daykin estate agents on 0115 990 2007.

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UK House Prices Summer 2026 – Full Report

The Spring 2026 Rightmove House Price Index makes for interesting reading — particularly for buyers and sellers in the East Midlands, where the picture looks considerably more positive than the national headlines suggest.

The National Picture

Average asking prices across the UK rose 1.2% in May to £378,304 — slightly ahead of the typical May increase of 1% seen over the last decade. While prices are marginally down on May 2025, the overall market is showing more resilience than many expected given ongoing cost-of-living pressures and wider economic uncertainty.

Buyer choice is at its highest level since 2015, with a third of properties on the market having seen a price reduction. Rightmove is clear that correct pricing remains essential — sellers who price realistically are continuing to agree sales, while those who overprice face extended marketing periods.

Sales agreed nationally are 4% below last year, though it is worth noting that mortgage rates were significantly lower at the same point in 2025. Compared to 2024, sales agreed are actually up 2% — a more encouraging comparison.

Mortgage Rates Are Improving

One of the most notable details in this month’s data is the continued fall in average two-year fixed mortgage rates, down from 5.42% last month to 5.18% this month. While rates remain higher than the historic lows of a few years ago, the direction of travel is positive and is helping to improve buyer affordability and confidence. For anyone who has been sitting on the fence waiting for rates to come down, the trend is moving in the right direction.

The North-South Divide — and Why It Matters for Nottingham

The most significant story in this month’s data is the widening gap between the north and south of England. Price growth is strongest in the more affordable regions — the north-east is up 2.7% year-on-year and the north-west is up 2.6% — while London is down 2.4% and the south-east is down 1.6%.

The East Midlands sits firmly in the more affordable, more active part of the market. Nottingham and the surrounding area continues to attract buyers who are looking for more space, better value and strong transport links — precisely the buyer profile that has been driving demand across our patch throughout 2026. For sellers in Nottingham and Nottinghamshire, the national data supports what we are seeing locally — correctly priced homes are selling, buyer demand is holding up, and the market is functioning well.

The affordability trend can also be seen further north, with areas such as Chesterfield and Sheffield continuing to offer relatively accessible property prices compared with many parts of the country. This wider regional affordability is helping to support activity across the northern and East Midlands markets, while Nottingham continues to benefit from its own strong combination of affordability, employment opportunities and excellent transport links.

First-Time Buyers Are Holding Their Ground

First-time buyer activity nationally is only 1% below 2024 levels — performing better than the wider market. Rightmove attributes this partly to lenders offering higher loan-to-value products, making it easier for buyers with smaller deposits to proceed. Prices in the typical first-time buyer sector are also slightly lower than a year ago, which is supporting affordability without requiring buyers to overstretch.

For first-time buyers in Nottingham this is an encouraging picture. The combination of improving mortgage rates, realistic pricing from sellers and continued lender appetite at higher loan-to-value ratios means the conditions for getting on the ladder are more favourable than they have been for some time.

What This Means If You Are Thinking of Buying or Selling

If you are considering selling with our estate agents in Nottingham, the data supports acting now rather than waiting. Buyer choice is high, which means correctly priced homes sell while overpriced homes sit. Getting your pricing right from day one is essential — and that starts with an accurate, up-to-date valuation from an agent who knows your local market.

If you are buying, falling mortgage rates and a well-supplied market mean you have both choice and improving affordability on your side. Taking professional advice on the right mortgage product for your circumstances — particularly given the rate movements in recent months — is worth doing before you commit to a purchase.

At Benwell Daykin, we have been selling and letting property across Nottinghamshire for many years. If you would like a free, no-obligation valuation or want to discuss the current market in your specific area, call us or visit our office — we are always happy to help.

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Lloyds Launches £5,000 Deposit Mortgage — What It Means for First-Time Buyers in Nottingham

Big news for first-time buyers this week. Lloyds Bank — the UK’s largest mortgage lender — has announced a new mortgage product requiring a minimum deposit of just £5,000, available from 18 May 2026. For anyone who has been renting in Nottingham and wondering if homeownership will ever feel within reach, this is worth knowing about.

How does it work?

The mortgage is available through Lloyds Bank, Halifax, and via mortgage brokers. It’s designed for buyers purchasing a property valued between £100,000 and £300,000, with a maximum loan of £295,000. The loan-to-value ratio sits just above 98%, meaning a £5,000 deposit could be enough to get the keys to your first home.

The product comes with a five-year fixed rate of 5.89%, no product fee, and a maximum repayment term of 40 years. Applicants can borrow up to 4.5 times their annual salary, and the mortgage is open to both employed and self-employed buyers. A free Level 1 valuation is also included.

Who is it for?

The mortgage is aimed squarely at renters who are already managing their finances responsibly — paying bills on time, saving what they can — but who simply haven’t been able to build up a traditional 5% deposit without help from family. Lloyds notes that for many renters, monthly rent is already comparable to what a mortgage repayment would be. The barrier isn’t affordability — it’s the lump sum upfront.

Amanda Bryden, Head of Mortgages at Lloyds, put it plainly: many prospective buyers are doing everything right financially but still feel locked out of homeownership because saving a large enough deposit feels impossible. This product is designed to change that.

What are the eligibility rules?

There are some conditions to be aware of. The deposit must come from the applicant’s own savings — gifted deposits are not eligible. The mortgage is also not available for new-build properties or shared ownership purchases. At least one applicant must be a first-time buyer, and all applicants will need to pass full affordability and credit checks. A high credit rating is required.

What does this mean for Nottingham buyers?

This is particularly relevant news for buyers in the Nottingham area. The £300,000 property cap covers a significant proportion of first-time buyer homes in our region, and Lloyds’ own data shows that in most areas outside London and the South East, average first-time buyer house prices fall well within the scheme’s eligibility threshold.

The average age of a first-time buyer has risen to 32, up from 30 just a decade ago, a sign of how difficult it has become to save for a deposit while managing the cost of renting. Products like this have the potential to bring that timeline forward for buyers who have the income and financial discipline to sustain a mortgage but have struggled to accumulate a large lump sum.

Our take

At Benwell Daykin estate agents in Nottingham, we work with first-time buyers regularly and understand how frustrating it can feel to be ready in every practical sense but held back by the deposit hurdle. This new Lloyds product won’t be right for everyone, and it’s important to take proper mortgage advice before making any decisions. But for buyers with solid finances and modest savings already set aside, it could represent a genuine shortcut onto the property ladder.

If you’re thinking about buying your first home in Nottingham and want to understand what’s currently available to you, we’re always happy to have that conversation. Get in touch with the team at Benwell Daykin and we’ll point you in the right direction. Contact us here or call 0115 990 2007.

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Mortgage Interest Rates Spring 2026

What does the latest interest rate hold mean for the property market?

With interest rates rising sharply over the past couple of years, many were expecting borrowing costs to start falling again in 2026.

The reality is that while rates haven’t dropped as quickly as hoped, the market is showing signs of stability.

Today, 19th March, the Bank of England has chosen to hold interest rates at 3.75%. While there is some uncertainty around what comes next, this steady approach is helping to create a more predictable environment for buyers and sellers alike.

So what does this mean for the property market? The team at Benwell Daykin Estate Agents in Nottingham share their thoughts.

Stability brings confidence

After a period of rapid increases, interest rates are now holding steady.

This stability is key. Rather than dealing with constant changes, buyers and sellers can make decisions with more confidence, knowing the market isn’t shifting dramatically month to month.

A steady rate environment often leads to a more balanced and sustainable property market.

Buyers are adjusting to the new normal

While mortgage rates have increased slightly in recent weeks, buyers are becoming more accustomed to current lending conditions.

Earlier this year, some of the lowest fixed-rate deals dipped below 3.5%, and although many are now above 4%, this is becoming the new normal for the market.

As a result, we are continuing to see committed buyers who are ready to move when the right property comes along.

Demand is still there

Despite wider economic headlines, demand for well-priced homes remains strong.

Serious buyers are still actively searching, particularly for properties that are priced correctly and presented well.

This creates great opportunities for sellers who are realistic and prepared.

A more balanced market

The current conditions are helping to create a more balanced market compared to the fast-paced, highly competitive environment of recent years.

Buyers have more time to make decisions, while sellers benefit from dealing with more proceedable and motivated purchasers.

This often leads to smoother transactions and more reliable sales.

What does this mean for homeowners?

If you’re thinking of selling, this is still a strong time to act.

With fewer sudden market changes, pricing strategies are clearer, and buyers are approaching purchases with confidence and intention.

Well-presented homes in the right locations are continuing to attract solid levels of interest.

So what happens next?

Unfortunately, we don’t have a crystal ball here at Benwell Daykin Estate Agents.

There are still plenty of unknowns – particularly around inflation and global events.

If interest rates remain steady, the market is likely to stay stable. If they rise again, we could see further pressure on affordability.

Thinking of moving?

Whether you’re buying, selling or just curious, understanding the market is key.

If you’re wondering how current conditions are affecting your property’s value, our friendly team at Benwell Daykin Estate Agents are always happy to help.

Get in touch today for expert advice tailored to you. You can also request a free property valuation.

Mortgage broker Derby

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Nottingham House Prices 2026

It’s been a challenging period for the UK property market, with higher interest rates, affordability pressures and fluctuating prices affecting both buyers and sellers. However, as we move into 2026, there are signs that the market is beginning to stabilise. Here, we take a closer look at house prices in Nottingham and what the latest data suggests for the months ahead.

House prices at the start of 2026

According to the Hometrack UK House Price Index (January 2026), house prices across the UK increased modestly over the past year. Annual price growth now sits at just over 1 per cent nationally, showing a more balanced market after the volatility seen in previous years.

Buyer confidence has started to improve following a slowdown in late 2025, helped by falling mortgage rates and a gradual recovery in demand. At the same time, more homes are coming to market, giving buyers greater choice and keeping price growth under control.

Nottingham house prices

Looking specifically at Nottingham, the city has continued to perform relatively well compared to many other parts of the country. Average house prices in Nottingham are now around £203,000, with annual growth of approximately 2 per cent, according to Hometrack-aligned data.

This places Nottingham above the national average for price growth, despite remaining significantly more affordable than many southern cities. While some areas have seen prices stagnate or fall slightly, Nottingham has experienced steady, consistent growth, supported by strong rental demand, a large student population and ongoing investment across the city.

Interestingly, the wider East Midlands has seen much weaker growth overall, with prices broadly flat year on year. This highlights Nottingham’s resilience compared with the surrounding region.

Why is Nottingham holding up well?

House prices tend to rise where demand remains strong, and Nottingham continues to attract both buyers and investors. Improved affordability compared to cities like London and Birmingham, combined with better mortgage availability than a year ago, has encouraged activity in the local market.

Lower mortgage rates have also helped first-time buyers and home movers re-enter the market, even though affordability remains a challenge for many. While price growth is modest, it is far more sustainable than the sharp rises seen in previous years.

Our outlook for the Nottingham property market

Looking ahead, we expect the Nottingham housing market to remain stable through 2026, with slow but steady price growth rather than sharp increases. Traditionally, the early part of the year is quieter, but activity is likely to pick up into spring if interest rates continue to ease.

Further reductions in borrowing costs would help boost confidence and support demand, particularly among first-time buyers and upsizers. Overall, Nottingham is well placed to continue outperforming many UK cities due to its affordability and strong underlying demand.

property price demand

How much is your house worth?

Have you wondered how much your Nottingham property is worth in today’s market? Or how much it has changed in value over recent years?

Contact Benwell Daykin estate agents Nottingham for a free, no-obligation property valuation, or get in touch to discuss the local market in more detail. You can call us on 0115 9902007.

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UK Housing Market Predictions 2026

2026 UK House Price Outlook

The UK housing market is set for a stable, steady year in 2026, with national house prices expected to rise by around 2%. While this is modest growth, it marks a welcome return to balance after several years of uncertainty. Buyers have more choice, sellers are becoming more realistic with pricing, and agents are perfectly positioned to guide the market with expertise.

A calmer, more stable market

After a period of volatility, 2026 is offering both buyers and sellers a calmer environment. Increased stock levels mean those looking to move have better choice and less pressure, while sellers who price sensibly are continuing to achieve strong interest. With clearer conditions and fewer bidding wars, the market is becoming more predictable — ideal for confident, well-supported moves.

Budget clarity could boost activity

The upcoming Budget remains a key talking point. Any adjustments to property taxes could encourage hesitant buyers to re-enter the market, potentially increasing activity in the months following the announcement. Many prospective movers are currently in a holding pattern, meaning the release of this “pent-up demand” could bring renewed energy to 2026.

Strong fundamentals for long-term growth

Forecasters expect the wider economic picture to steadily brighten after 2026, with inflation easing, GDP improving and interest rates set to gradually reduce. These trends are expected to support stronger price growth from 2027 onwards. Buyers purchasing in 2026 may therefore benefit from improved affordability ahead and meaningful capital growth over the medium term.

Regions with the strongest potential

More affordable regions are predicted to outperform the national average over the coming years. The North East, Yorkshire & The Humber, Scotland, Wales and the North West all show strong value and growth potential, making them especially appealing for both homebuyers and investors. The Midlands are also expected to perform above average. London, while slower in near-term growth, continues to offer long-term stability and lifestyle appeal.

What this means for buyers and sellers

Buyers in 2026 will benefit from greater choice, more negotiating power and fairer pricing across much of the country. It’s a year where careful, strategic purchasing can pay off. For sellers, accurate pricing and strong presentation are more important than ever — well-marketed, sensibly priced homes are still selling quickly. Estate agents who offer expert guidance, clear valuations and strong digital marketing are well positioned to thrive in this balanced market.

Looking ahead

While 2026 may not bring dramatic price rises, it offers something arguably more valuable: stability. This steady foundation creates the ideal conditions for long-term planning, smart investment and confident moving. With medium-term forecasts pointing to stronger growth through to 2030, buyers and sellers who act in 2026 are well placed to benefit from improving conditions ahead.

Looking to move home in 2026?

Benwell Daykin provides free property valuations. Contact us today.