Dundee

Eilidh Finlayson

Finlayson Gore, Dundee - Eilidh Finlayson

“While Q1 of 2026 saw a brisk start to the year, the onset of Q2 was notably quieter. However, as we move into Q3, the dynamic has significantly upturned and a return to the majority of good property across all budgets being let in very short timescales is once again the ‘norm’. Student property remains on the market for the coming academic year, forcing agents and landlords to revise asking rents and marketing to minimise voids. The advent of more purpose-built student residences continues to cast a shadow over traditional HMO property, and a new approach may be required to ensure continued viability.”

Market Overview - Q2 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 £620 3.3% 42.2% 54.2% 34 -1 16% 52%
2 bed £857 3.1% 35.8% 50.9% 40 -1 10% 45%
3 bed £1,170 8.4% 35.1% 43.6% 44 6 9% 37%
All £885 2.7% 33.1% 47.7% 39 0 12% 46%

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 150.2 153.6    

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%
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