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

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 £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

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
2021 111.5 115.5 122.7  

Market Composition

Yield by Popular Postcode (Flats):

Postcode20162017201820192020
DD1 7.80% 7.70% 6.70% 6.70% 6.70%
DD2 6.60% 6.40% 6.60% 6.20% 6.30%
DD3 7.50% 7.80% 7.10% 7.10% 7.30%
DD4 8.10% 8.70% 7.40% 7.20% 7.00%
DD5 5.00% 5.00% 4.50% 4.50% 4.50%
Alasdair Bain

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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