EAST MIDLANDS

The East Midlands region was hit hard after the 2008 housing market crash, but the local market has been rising steadily in recent years – signified by a rise in average property prices of 1.3% between 2012 and 2013. While Rutland has suffered a significant drop in demand for housing, areas of Leicestershire, Nottinghamshire and Lin-colnshire have showed steady progress. The towns of Newark and Sherwood in Nottinghamshire, for instance, have become very popular, and a recent rise in demand has forced house prices up by more than 10%.

property guide

Rise in average property prices of 1.3% between 2012 and 2013

Average property price - £187,000[ONS - 2014]

However, the likes of South Derbyshire and the Derbyshire Dales have experienced signifi-cant average house price falls – a result of lower demand because of the move to the cities and towns of the region.

While Nottingham has struggled to recover from the housing crash (house prices actually fell in the city between 2012 and 2013), the city of Leicester has enjoyed a huge rise in demand for housing – pushing prices up by more than 6%. Derby has also enjoyed high-er-than-average increases in property rises during the last two years.

Leicestershire, Nottinghamshire and Lincolnshire becoming more popular