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Dundee

Property to rent in Dundee witnessed strong growth for larger properties raising the city average up to £675 per month with TTLs continuing to fall, now at historic lows of just 15 days.

Market Overview - Q4 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	£440	2.6%	11.7%	15.5%	13	-5	38%	90%
2 bed	£675	10.3%	19.0%	24.5%	14	-7	42%	87%
3 bed	£902	15.6%	13.7%	30.0%	22	-1	18%	64%
All	£675	8.0%	13.1%	36.1%	15	-6	37%	84%

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	117.2

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%

Eilidh Finlayson - Finlayson Gore

“We are delighted to be able to report that Q4 has seen a continued and consistent demand for rental properties right across the board. Enquiries for student properties for the next academic year are coming in thick and fast and we expect strong competition from tenants keen to secure our most popular student properties. We have also experienced a strong trend of tenants looking for more rural properties with a huge premium on outside space and home working possibilities. We expect this market to continue to thrive moving into Q1 of 2022 and beyond with rents holding at reasonable levels.”

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