Nottingham is located in the East Midlands region of the United Kingdom. The city of Nottingham is relatively small for it possesses a population of roughly 290,000 people. The outer boundaries of the region contain over 660,000 people however, making the Nottingham district the seventh-largest urban environment in the United Kingdom. The city of Nottingham and the surrounding areas possess far different real estate markets.
The uniqueness of each area results in the differences in culture, topography, and environment. The urban area typically possesses small flats or apartments that sell for under 100,00 Euros. Typically these forms of Nottingham property are exceptionally small–they typically contain one bedroom, a small bath, and a small sleeping area–and are thus priced accordingly.
An average one bedroom flat in the urban district of Nottingham sells for roughly 60,000 Euros. Although cheap, the area also has multiple-bedroom flats which, depending on the size, can sell for as much as one million euros. The most expensive flats are located near the city's main university or the business center.
Nottingham property that is found outside of the city limits are valued and priced at much higher amounts. The average home sells for well over 600,000 Euros and contains multiple bedrooms, bathrooms, and acres of land. There are many luxurious mansions located in this region making Nottingham one of the more prestigious areas of the United Kingdom. In addition, Nottingham property located beyond the city limits is conveniently located near commuter routes.
