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Dundee

Dundee posted a 4.7% YOY rise to average £597 per month in a quickening market where average TTLs fell by 4 days to 39 and with 49% of properties now letting within a month. Rents in West Lothian again recorded strong growth, up 4.9% YOY to stand at £669. Average TTLs for the region fell sharply to 28 days, down from 37 at Q4 2015, with 62% of properties letting within a month.

Market Overview - Q4 2016

Beds	Average Rent	Rent Change 1yr	Rent Change 3yrs	Rent Change 5yrs	Av. TTL (days)	TTL Change YoY	Let within a week	Let within a month
1 bed	£394	-0.3%	3.1%	3.4%	43	-3	6%	45%
2 bed	£567	2.3%	6.0%	4.6%	37	-5	16%	49%
3 bed	£793	12.3%	18.2%	14.3%	37	-8	17%	53%
4 bed	£1,091	6.5%	23.4%	40.8%	44	4	17%	39%
Total	£597	4.7%	13.1%	20.4%	39	-4	14%	48%

Average Rent (pcm) by Number of Bedrooms

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Average Time To Let (TTL) by Number of Bedrooms

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Rental Index (base Q1 2010)

Year	Q1	Q2	Q3	Q4
2010	100.0	94.3	94.3	93.4
2011	102.8	95.5	91.8	86.1
2012	96.2	93.2	94.6	91.5
2013	99.3	98.1	96.4	91.7
2014	103.3	97.4	98.4	94.6
2015	101.9	103.8	99.7	99.0
2016	107.6	104.0	102.4	103.6

Market Composition

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Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
DD1	7.70%	6.70%	6.70%	6.70%	7.1%
DD2	6.40%	6.60%	6.20%	6.30%	6.3%
DD3	7.80%	7.10%	7.10%	7.30%	7.1%
DD4	8.70%	7.40%	7.20%	7.00%	7.0%
DD5	5.00%	4.50%	4.50%	4.50%	4.5%

Robert Murray - Lickley Proctor Lettings

“Lickley Proctor Lettings have experienced a great deal of activity in the last quarter. There has been a fluctuation in viewings recently but this tends to be the case at the tail end of the year. Rental levels, however, are being maintained which is good news for prospective landlords looking to invest in Dundee.”

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