All main Dundee markets recorded positive annual growth in Q2 2018 of between 2% and 5%. The city average rose to £618 up 2.5% YOY with 1 bed properties, as per Glasgow, posting the strongest gain at 4.9% and fastest TTL at 44 days. All markets appear to be moving at the same speed at 44-47 days with the larger 3 and 4 bed properties significantly faster than last year. West Lothian again posted strong annual growth at 4.1% to average £682 and moving 9 days quicker than last year.
“Once again quality properties have been found to be more in demand than those at the lower end of the market albeit we are aware there has been an overall uptake in viewings of late, which is encouraging. Rents we had sought have been achieved and we think if the rentals being invited are realistic, this should continue to be the case and thus maintain what appears to be relatively consistent rent levels in the private rental market in Dundee.”
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