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Dundee

Dundee, as per Scotland’s other major cities, witnessed strong demand relative to supply for all property types recorded, 1-3 beds, associated with sharp drops in TTL by 18 days to 22 on average. Property to rent in Dundee averages £707 per month, up 11.7% on last year.

Market Overview - Q3 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	£460	9.8%	10.8%	17.6%	16	-30	46%	83%
2 bed	£676	10.1%	19.4%	24.3%	22	-16	40%	75%
3 bed	£979	18.4%	34.1%	48.3%	24	-10	24%	71%
All	£707	11.7%	19.8%	33.6%	22	-18	38%	75%

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	104.2
2020	109.4	116.0	109.9	108.5
2021	111.5	115.5	122.7

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%

Alasdair Bain - Tay Letting

“Throughout Q3 we have seen the demand outweighing the supply. We have experienced what can only be described as an intense need for well-presented good quality properties. Now that things are returning to normal, we are pleased that in turn we are seeing more and more people comfortable and keen to move home again. We have seen a surge of students coming into Dundee and not all looking for HMOs, many now turning to 2 bedroom properties.”

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Flats to rent in Dundee Houses to rent in Dundee