Property to rent in Dundee also posted a significant milestone recording an average rent higher than its northern neighbour at £767 per month, up 15.3% YOY and a new ATH. TTLs remain at historic lows at 20 days on average.
“Q2 of 2022 continued to perform well with a notable decrease in change of tenancies - as predicted in Q1 tenants appear reluctant to needlessly move with living costs soaring. June has seen the remainder of our student stock secured for later in the year - an encouraging indication that the student market continues to settle into a ‘new routine’ under the PRT. We are hopeful that rents will remain at their current levels in the quarter to come despite rising fuel and food costs, and as such we will be very carefully monitoring affordability for tenants with all new tenancies to minimise financial risk to our landlords.”
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