Show Research MenuHide Research Menu

Dundee

Dundee’s rental market also remained steady with a continued reduction in TTL as noted in the previous quarter, again down 6 days to 30 days on average and likely signalling strong positive rental growth post lockdown.

Market Overview - Q1 2021

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	£438	3.8%	8.1%	9.0%	29	-10	27%	63%
2 bed	£611	7.0%	3.4%	6.8%	31	-11	16%	57%
3 bed	£924	0.7%	13.7%	21.3%	28	0	25%	56%
All	£642	1.9%	3.5%	8.4%	30	-6	20%	59%

Average Rent (pcm) by Number of Bedrooms

Save as Image

Average Time To Let (TTL) by Number of Bedrooms

Save as Image

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	104.2
2020	109.4	116.0	109.9	108.5
2021	111.5

Market Composition

Save as Image

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%

Alasdair Bain - Tay Letting

“Q1 for 2021 understandably began with a level of uncertainty for both landlords and tenants. Despite this, the Dundee market has remained strong for us. We are seeing short void periods and have maintained a high level of occupancy across our portfolio. Now that the vaccine is being rolled out and moves towards easing the restrictions are being made, we are seeing a surge of enquiries and property viewings.”

Download Full Report

Flats to rent in Dundee Houses to rent in Dundee