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Dundee

Rents in Dundee, which rose every quarter in 2018, posted minimal negative growth of minus 0.3%, however, set against a materially quickening market 8 days faster than Q2 2018. The average property to rent in Dundee now stands at £616 per month. Whilst conflicts between TTL and average rents continue, the Dundee region overall remains very stable.

Market Overview - Q2 2019

Beds	Average 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	£418	-1.9%	11.5%	46.7%	31	-13	15%	59%
2 bed	£590	0.5%	7.7%	-0.7%	37	-8	14%	50%
3 bed	£778	-4.0%	12.3%	0.6%	51	5	9%	40%
4 bed	£1,170	2.6%	23.4%	16.1%	59	12	0%	11%
Total	£616	-0.3%	9.8%	19.8%	38	-8	13%	50%

Average Rent (pcm) by Number of Bedrooms

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Average Time To Let (TTL) by Number of Bedrooms

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Rental Index (base Q1 2010)

Year	Q1	Q2	Q3	Q4
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

Market Composition

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Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
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%

Robert Murray - Lickley Proctor Lettings

“The rental market continues to perform steadily in Dundee. Lickley Proctor Lettings have found rental levels sought are being achieved with the benefit of marginal increases being obtained. We have found no increase in the time to let, in the main our properties continue to move quickly. This situation is encouraging for our landlords.”

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