Dundee continued its upward trajectory with rents rising 1.4% YOY to stand at £586 and taking 27 days to let. For the second year running, TTL in Q4 was much reduced compared to other quarters where the usual range has been 40-50 days. Rental growth for 1 beds was a marked 6.4%, though the 3 and 5 year average is a more sanguine circa 3%.
“Although we have found December to have been quiet on the lettings front, Lickley Proctor lettings have, in the main, continued to see a steady performance in the Dundee residential property market over the last quarter. As before, most properties were let relatively quickly, achieving the rents being sought. Rental levels appear to continue the trend of showing marginal increases.”
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