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Dundee

Robert Murray - Lickley Proctor Lettings

“Up until the coronavirus lockdown we at Lickley Proctor Lettings were finding the market in Dundee was still going steady for the first quarter in 2020. Again, rentals sought were being achieved with marginal increases. We are hopeful that when things get back to some normality, the market will pick up where it left off.”

Market Overview - Q1 2020

Beds	Average Rent	Rent Change 1yr	Rent Change 5yrs	Rent Change 10yrs	Av. TTL (days)	TTL Change YoY	Let within a week	Let within a month
1 bed	£422	4.5%	10.5%	9.6%	39	-1	14%	46%
2 bed	£571	0.2%	1.6%	2.3%	42	-6	11%	47%
3 bed	£918	6.7%	15.6%	21.4%	28	-14	20%	53%
All	£630	1.6%	7.3%	9.4%	36	-7	13%	50%

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
2017	105.9	104.7	101.4	95.8
2018	106.6	107.3	104.9	100.3
2019	107.6	106.9	109.9	101.7
2020	109.4

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%

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Flats to rent in Dundee Houses to rent in Dundee