Nottingham

Agents report to us a large oversupply in the market (not just the city centre). This is a result of too many schemes reaching completion at the same time, and an immature rental and sales market. This will take some time to work through and it is anticipated that no value growth in the next 12 months and potentially further falls. There is evidence of repossession sales undermining value in some blocks and agents refusing to accept instructions in others unless the price is at ‘cut-price’ levels. There is also strong competition for tenants, which is not helping rent levels.

Inside Track is a property investment education company; it is part of the Inside Track group of associated companies which offers services in sourcing pre-vetted investment property, a full range of landlord and lettings services, and independent financial advice including buy-to-let mortgages and remortgages.