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Dundee

Malcolm Pickard - Tay Letting

“Since return from lockdown, we have been encouraged by the state of the rental market in Dundee. We have found there has been a healthy demand with the majority of our properties being let relatively quickly and achieving the rentals being sought. All seems encouraging at present.”

Market Overview - Q3 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	£419	1.9%	8.3%	5.5%	46	1	17%	50%
2 bed	£614	0.5%	11.0%	12.9%	38	-6	23%	54%
3 bed	£827	-0.8%	13.6%	30.2%	34	-19	24%	62%
All	£634	0.2%	10.5%	16.8%	40	-5	21%	53%

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	116.0	110.1

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