Fine & Country has put together their latest regional property reports, and here are the results for the East Midlands!
In the East Midlands region, the average price of property is £590,398, which represents a 4.59% annual change in price. The premium price threshold in the East Midlands is £450,000, which means that the top 5% of sales in the region were above this figure. Over the last 12 months the average price per square foot has been around £282. The total value of sales over the past year has been £1.54 billion with 107 sales at or over £1 million.
While some areas have seen a decrease in the average property price, others have performed extremely well. Lincoln and Loughborough have seen a 12% annual increase, the average price in Nottingham has increased by 10%, Kettering has increased by 4%, Northampton and Chesterfield house prices have increased by 2%, Derby and Leicester have increased by 1%, and Mansfield has decreased by -1%.
The highest premium threshold in the East Midlands is in Northampton at £523,000, with Loughborough second at £495,000.