This is a summary of the latest UK House Price Index as published by Zoopla in June 2026. It shows that the property market is beginning to slow, but there are still opportunities for landlords and property investors who understand their local market. While higher mortgage rates and economic uncertainty have reduced buyer activity across the UK, the East Midlands remains resilient.

UK house price growth has eased to 1.4% annually, with Zoopla reporting that agreed sales are currently 7% lower than this time last year. Higher borrowing costs and uncertainty about future government tax and spending decisions have led buyers to wait for the economic and political climate to stabilise.

What’s happening in the East Midlands?

For landlords and investors in Nottinghamshire and the wider East Midlands, the picture is mixed.

House prices across the East Midlands have increased by 1.4% over the last year, matching the national average. Nottingham has recorded annual price growth of 1.3%, while Leicester has seen prices rise by 1.1%. The average property price in Nottingham now stands at approximately £205,800.

Although prices continue to rise modestly, sales activity in the East Midlands has slowed more than in many other regions. Zoopla reports that agreed sales are down by more than 10% year on year, largely due to higher mortgage costs affecting buyer affordability.

What does this mean for landlords?

For buy-to-let investors, a slower sales market can present opportunities.

With fewer buyers competing for properties, landlords may find greater scope to negotiate purchase prices. However, financing costs remain an important consideration. Mortgage rates climbed from below 4% at the beginning of the year to almost 5% in April, before easing slightly. Zoopla believes rates falling below 4.5% would help improve affordability and stimulate market activity later this year.

Investors should also pay close attention to the type of property they are buying. The report highlights that one- and two-bedroom flats remain the weakest-performing sector, with around 72% of one-bedroom flats listed earlier this year still unsold. In contrast, two- and three-bedroom houses continue to attract buyers at a much healthier rate.

For landlords focused on long-term rental income rather than short-term capital growth, this may provide opportunities to acquire well-located properties at more favourable prices.

Looking ahead

The report suggests that house price growth is likely to soften further in the second half of 2026 as higher borrowing costs continue to weigh on the market. However, the East Midlands remains in a relatively stable position, with modest price growth and continued demand for quality housing.

For landlords and property investors, now is a good time to review your portfolio, understand your financing options and assess where opportunities may exist in the local market.

We work with landlords and property investors across Nottingham, Nottinghamshire and the East Midlands, providing proactive accountancy and tax advice to help you make informed decisions. Whether you are expanding your portfolio, considering a property purchase or preparing for Making Tax Digital, our team is here to help. You can contact us by calling 01623 490 120 or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it.

To read the full report, click here to download - UK House Price Index Zoopla June 2026