Rents in Dundee, which rose every quarter in 2018, continued their upward trajectory in Q1 2019. The average property to rent in Dundee now stands at £620 per month, up 1% YOY and takes 43 days to let- down 3 on last year. Although some contradicting data with slightly decreased rents against quicker TTLs for 1 and 2 bed properties, overall Dundee remains stable.
“At Lickley Proctor Lettings we have not seen any significant decline in the demand for rented accommodation from Q4 2018 into Q1 2019. We consider there has been a marginal increase in rents with PRTs having had no impact on the market. The overall picture is that of a stable rental market at present in Dundee. A lot of our available properties have been quickly secured by tenants to the extent we are currently suffering a shortage of supply of properties to advertise - so we are actively looking to attract more landlords to give us more properties!”
I am a Tenant Landlord
