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Dundee

The picture in Dundee’s rental market reflects a steady market operating more quickly than in recent years with TTL down 10 days to 33 on average.

Market Overview - Q2 2021

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	£436	1.2%	8.5%	10.1%	38	-6	11%	49%
2 bed	£631	-4.1%	11.1%	20.0%	31	-12	22%	58%
3 bed	£866	2.6%	6.3%	29.6%	26	-22	32%	59%
All	£665	-0.4%	11.0%	20.9%	33	-10	21%	55%

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	109.9	104.2
2020	109.4	116.0	109.9	108.5
2021	111.5	115.5

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%

Alasdair Bain - Tay Letting

“During Q2 we have seen the market gathering momentum as the restrictions have been continuing to ease – more tenants are feeling it appropriate to move again. Many of our properties have been taken off the market with tenants secured in under just one or two weeks. We have been experiencing a great demand from tenants looking for good quality well-presented properties with a more professional feel to them, not just in Dundee itself but also the surrounding areas.”

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Flats to rent in Dundee Houses to rent in Dundee