Dundee

Eilidh Finlayson

Finlayson Gore, Dundee - Eilidh Finlayson

“Q3 of 2026 has been a tough period for student lettings with many HMO properties still being marketed weeks into the new academic term, requiring landlords and agents to review expectations and market approach for the future of larger Dundee student properties. The waiting game for the December intake is underway but the pinch from PBSA is being felt across the city. Outwith the student sector, the PRS remains very strong with the average letting time for 1 and 2 bed flats returning to low levels and strong rents being achieved across the board.”

Market Overview - Q3 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 £616 1.3% 33.9% 48.4% 23 -9 30% 70%
2 bed £901 8.7% 33.3% 59.2% 30 -2 12% 59%
3 bed £1,276 15.6% 30.3% 74.8% 50 13 15% 34%
All £925 6.7% 30.8% 56.8% 33 -2 17% 58%

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 150.2 154.7 160.6  

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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