Dundee

Megan Smith

Megan Smith - Your Move

“Rental growth in Dundee is showing signs of moderation, though the market remains strong. The city continues to benefit from a vibrant student population and ongoing regeneration projects are expected to generate additional job opportunities, further boosting rental demand in 2025. Demand consistently exceeds supply, leading to heightened competition for tenancies. The need for family housing is particularly acute as the market is dominated by 1 or 2 bed flats as well as student-focused HMO properties. Families in Dundee are finding it increasingly difficult to secure affordable homes within city limits.”

Market Overview - Q4 2024

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 £617 6.2% 42.2% 61.9% 21 10 13% 79%
2 bed £871 -1.8% 48.6% 59.8% 29 11 18% 51%
3 bed £1,047 -10.2% 34.7% 46.6% 40 11 13% 44%
All £864 -4.4% 44.0% 58.5% 31 12 15% 57%

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

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%
Like most sites, Citylets uses cookies mainly to enhance user experience. By using our site we'll assume you're ok with our cookies policy.