Dundee

Eilidh Finlayson

Finlayson Gore, Dundee - Eilidh Finlayson

“Q1 took off at pace, with lettings secured and tenants moving in the first week of January as the market opened; the usual January lag was not evident in 2026. With interest rates again rising, the PRS has been given a welcome reprieve with the delay to EPC reform, now pushed back to late 2027, bringing relief to many landlords facing increased overheads. As we enter the traditional student lettings period, it remains to be seen whether there will be a repeat of Q2 25, when traction was slow and many agents did not achieve full take-up of HMO properties until well into summer. We can only hope that Q2 26 sees improved buoyancy in Dundee’s student market.”

Market Overview - Q1 2026

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 £645 9.5% 47.3% 59.3% 35 1 15% 52%
2 bed £830 1.3% 35.8% 40.4% 45 7 14% 40%
3 bed £1,021 -3.6% 10.5% 25.6% 38 1 11% 53%
All £865 3.7% 34.7% 39.5% 39 2 15% 47%

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 111.5 115.5 122.7 117.2
2022 125.3 133.2 137.8 148.1
2023 145.0 154.7 161.1 156.9
2024 153.1 166.1 163.5 150.0
2025 144.8 149.7 150.5 145.8
2026 150.2      

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
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%
Like most sites, Citylets uses cookies mainly to enhance user experience. By using our site we'll assume you're ok with our cookies policy.