Posted on 20th August, 2020
East Midlands House Price Growth
The East Midlands saw the highest annual house price growth in England in the year leading up to April 2020, with prices increasing by 4.7%.
The average house price in the UK saw a rise of 2.6% over the same period, according to the Office for National Statistics House Price Index.
The average house price in the East Midlands is estimated to rise from £190,000 in 2018 to £214,000 by 2022 – a projected house price growth of over 12.6% over the four-year period.
What does this mean for Derby?
Wavensmere Homes are proud to bring The Nightingale Quarter to Derby, one of the largest cities in the East Midlands.
The Nightingale Quarter is one of the largest city centre regeneration sites in the UK with freehold homes starting from £182,500.
The 18.5-acre development will bring nearly 800 city centre homes to Derby, amid six acres of green open space, parkland and gardens.
Derby is the UK’s most central city meaning it is extremely well-connected, and the growing city centre is home to over 250,000 people.
The city sets an exceptional benchmark for quality of life, with its income per person being the second highest in the UK outside of London.
It is an ever-growing city with £4bn invested in it in the last two years, and a further £2bn in the pipeline.
You can enquire about a home or investment opportunity at The Nightingale Quarter here.
Read more about the rise in UK house prices here.