Dundee

Dundee posted another positive annual gain of 4.2% YOY to average £625 per month. The market in Dundee moved swiftly at just 21 days TTL, down 6 on the previous year.

Market Overview - Q4 2020

BedsAverage
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 £429 -1.2% 8.6% 5.4% 18 -4 30% 80%
2 bed £612 4.4% 10.5% 14.4% 21 -9 28% 74%
3 bed £780 0.4% 10.5% 16.6% 23 -10 35% 87%
All £625 4.2% 9.6% 16.2% 21 -6 29% 78%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2010)

YearQ1Q2Q3Q4
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 107.6 106.9 109.9 104.2
2020 109.4 116.0 109.9 108.5

Market Composition

Yield by Popular Postcode (Flats):

Postcode20132014201520162017
DD1 6.7% 7.0% 7.8% 7.8% 7.7%
DD2 6.3% 6.2% 6.2% 6.6% 6.4%
DD3 7.4% 6.3% 7.1% 7.5% 7.8%
DD4 8.1% 8.5% 8.0% 8.1% 8.7%
DD5 5.1% 4.3% 4.8% 5.0% 5.0%
Eilidh Finlayson

Eilidh Finlayson - Finlayson Gore

“Q4 has presented agents and landlords alike with a unique set of circumstantial challenges most notably evident in the student market. The ‘perfect storm’ of the move by universities to offer only virtual learning along with the closure of the hospitality industry, has resulted in students needlessly staying away from home, often without the financial benefit of their part time jobs. With the ability under the PRT to serve 28 days’ notice, we have experienced many of our student tenants wishing to vacate properties which would otherwise be occupied until July.”

Like most sites, Citylets uses cookies mainly to enhance user experience. By using our site we'll assume you're ok with our cookies policy.