East Midlands property market 'increases 300%'

www.moneynews.co.uk > Housing market > East Midlands property market 'increases 300%'

East Midlands property market 'increases 300%'

Wed 23rd Dec 2009

The property market in the east midlands has grown by as much as 300 per cent in a year, according to The Nottingham Building Society.

It has also been predicted by the institution that the property market in the region is set to continue growing into next year.

In November, the number of completed sales was up 300 per cent on the same time in 2008 and 28.33 per cent on the previous month.

"The second half of the year has seen a welcome resurgence in the property market, with all areas of Nottinghamshire, Derbyshire and Lincolnshire reporting improved sales and increased demand," said Graham Lang, Nottingham Property Services operations manager.

Potential house buyers may have acted on the advice the building society provided last month to act quickly if they were considering taking out a mortgage in order to beat the increases in stamp duty on January 1st.

Click here for more housing market news

Related News : Housing market
	Nationwide housing market report 'shows little progress'
	Nationwide housing market report suggests people value rail proximity
	Halifax housing market study 'shows slowdown in price growth'
	Positive news for 'nearly all' UK regions, according to Nationwide housing market document
	Nationwide housing market research 'shows stable picture'
	Firstrung: Abolition of Hips 'has had no impact on housing market'
	CIH: Parents question children's ability to take out a mortgage
	Rightmove: UK house price growth slowing down
	Halifax highlights popularity of coastal properties
	Santander claims HIPs were 'headache' in the housing market