The least expensive houses sold in Nottinghamshire over the past three months have been revealed. It comes as average house prices across the UK increased by 12.8% over the year to May 2022, up from 11.9% in April 2022, according to the most recent figures from the Office for National Statistics.
The most expensive sale came in Village Street, Edwalton, back in May, where one detached house was sold for nearly £3 million. By contrast, the least expensive sale was for a terraced house in Sutton-in-Ashfield for £45,000. Recent price increases may reflect a range of factors including some possible changes in housing preferences and a response to the changes made to property transaction taxes across the nations.
This may have accounted for a rush of demand in mid-2021, as annual price rises soared to a 13.5% increase in the year to June 2021, as the suspension ended in Wales and the saving was reduced in England. There was another smaller rush in September, with annual growth at 11.5% that month as the stamp duty holiday ended in England.
