Nottingham is one of the fastest-growing cities in the UK, with a huge property price growth of 10.9% in 2022. Growth outside of London has been partially driven by the post-pandemic changes to working lives, with many working remotely. This has led to an increase in property value in cities with great quality of life, top amenities, and good transport links.

Nottingham offers residents a great standard of living at a fraction of London’s cost of living prices. The commute for those working for London-based businesses is around 90 minutes, making it an ideal commuter city. The city has built a great local infrastructure. As a result, the city council can now invest in the future of Nottingham, with one of the UK’s largest regeneration projects.

Broadmarsh

The city centre area was once known for its shopping centre which closed in 2020, following the pandemic. Upon completion of the £250m Broadmarsh redevelopment of the city centre and surrounding areas will vastly improve. The plans include a vibrant parking space, all new transport links, an improved Nottingham castle visitor experience and a City College hub. Areas will be lined by trees, local art, landscaping, cafés, and majestic views of the castle. The project is expected to create up to 3,000 new jobs.

The site which once was home to the shopping centre will be transformed into a green space. Nottingham Council will see the area the size of the city’s football stadium reimagined into an open green space, with plants and natural elements. In addition, the UK’s largest bench will be installed, stretching the entirety of the new area. As a result, visitors will be able to experience the tranquil space together.

Nottingham Science Park

Situated opposite Nottingham University, the Science Park is part of the D2N2 Enterprise Zones. Already home to some of the most innovative businesses in the UK, the development has an extra 5 acres of land which will expand upon the current park. The project began in 2019 and has introduced a new three-storey office space used for research and development purposes.

The development will also bring meeting facilities, event spaces and cafes to the area. The goal for this is to provide a platform for people in the science industry to meet and share expertise. As the park is located across from the university campus, the goal is also to increase the student retention rate. This is vital as it increases the city’s population and brings with it quality tenants, which boosts the housing market. Consequently, rental demand will remain steady in the area as students continue to enrol, this will eliminate the potential risk of void periods for landlords.