Nottingham was founded by the Saxons in the late 9th century and gained city status in 1897. Nottingham is now the second largest urban city of the Midlands with an estimated population of 332,500 (2021).
The metropolitan economy of Nottingham is the seventh largest in the United Kingdom.
Famous for its role in the Robin Hood legend, Nottingham is rich in history and culture making it a popular tourist destination of the UK attracting approximately 31 million tourists a year.
This has encouraged an influx in holiday lets and B&B opportunities in and around the city.
Nottingham Castle and Art Gallery (built 1068) stands proud on a hilltop providing widespan views overlooking Nottingham City and was initially built for William the Conqueror.
The Lace Market neighbourhood, once the centre of the worlds lace industry, displays the cell door of Oscar Wilde in its National Galleries of Justice Museum.
Nottingham provides a variety of features such as theatres, bars, restaurants and museums.
Wollaton Hall and Deer Park, Nottingham’s Natural History Museum, regularly hosts various events from concerts to sporting events within its beautifully manicured grounds which is also home to hundreds of different forms of wildlife.
Nottingham Council House is the centrepiece of the city centre and now hosts an annual Christmas Market over the Old Market Square.
Nottingham is the only city which currently holds two of the top five Michelin Star restaurants in the UK.
With two renowned universities, three NHS Trust Hospitals and countless amenities to offer its residents, Nottingham has an escalating demand for properties. Between 2020 and 2021 alone, Nottingham’s property market saw an increase of approximately 7.4%.
With thanks to the University of Nottingham and Nottingham Trent University, Nottingham grasps a total student population of approximately 70,000. This flooded demand in student accommodation allows the rental market to accommodate higher prices per property and therefore greater rental yields.
Nottingham University Hospitals NHS Trust is one of the largest employers in the region with approximately 17,000 employees over their three sites – the Queen’s Medical Centre (QMC), Nottingham City Hospital and Ropewalk House.
With a substantially increasing number of students and professionals moving to the city, this has branded Nottingham as a buy to let hotspot. With a vast number of flats and apartments local to popular amenities and attractions of the city, Nottingham is a perfect city for an investment rental property as it delivers higher rental yields for investors.
Nottingham is an award-winning city for their public transport services; providing trains, buses, trams and taxi services such as Uber throughout the city allowing easy reach of all the amenities it has to offer.
Property prices are ascending in Nottingham’s highly sought-after suburban areas such as West Bridgford and Beeston due to their convenient local services, attractions and swift links to the city centre.
The property portfolio in Nottingham is continually developing and becoming modernised due to its relatively young overall population, breaking boundaries in architecture and modern-living. As its residents and opportunities increase, the future of Nottingham is compellingly limitless.