The Dundee property market

24 June 2019

The Dundee property market

Dundee saw the third largest year-on-year increase in average selling prices compared to last year, rising by 10% to £135,017. Peter Ryder from Dundee-based solicitor estate agent Thorntons (member of TSPC) identified a number of reasons for the increase in selling prices in Dundee: “The Dundee property market has undoubtedly benefited from the V&A effect and the continued investment on the Waterfront in Dundee.

“The £1 billion-pound Waterfront project has helped transform the image of Dundee and there is now a definite feel good factor in the area and a new positive image that is helping the city and surrounding areas.

“Compared to other cities in Scotland, Dundee is still affordable, with an average selling price of £135,017, and this has attracted buy to let investors. With two very successful universities, an expanding college and a large increase in visitor numbers, investors are now seeing Dundee in a new light and view this as a good time to invest in the city.

“The normal residential property in Dundee continues to perform well, although like most areas in Scotland we have a slight lack of supply of properties coming to the market. This is creating more competition for the stock that is currently for sale which can be recognised with the number of closing dates now being set. As a consequence of this, property prices are being pushed up.

“With all the positive news and energy surrounding Dundee we would expect the city to continue to do well in the months and years ahead.”

Sales volumes were up 3.7% year-on-year, and the total value of residential sales rose by 3.3% compared to last year. East Lothian properties saw both the greatest increases in total value (up 39%) and the largest increase in volumes (up 32.7%).

Edinburgh and Glasgow were almost equal in terms of sales volumes during the first three months of 2019, making up 11.5% and 11.4% of the overall market respectively. However, Edinburgh’s volume was equal to last year, while the sales volume in Glasgow increased slightly year-on-year, by 0.8%.

In the south of the country, average selling prices in the Borders fell by 6.4% but sales volume increased by 1.3%. In Dumfries and Galloway, the average selling price decreased slightly by 1.7% and sales volumes dropped by 7%. Further north, prices in Perth and Kinross rose by 6.1% while sales volumes increased by 6.2%. In Aberdeen, average selling prices dropped by 1% but sales volumes rose by 13.4%.

2023

10 FREE Christmas Events in Dundee and Angus 2023-11-23 How TSPC's Property Information Centre can help your property search 2023-11-22 Unlocking value: 5 Fixed price properties in Tayside 2023-11-14 Three recently listed homes in the West End of Dundee 2023-11-10 Explore the top ten most viewed homes on TSPC in October 2023 2023-11-07 Unlock the right winter home selling price with TSPC's expert guidance 2023-10-18 Jargon Buster: Deeds 2023-10-12 First-time buyer feature: 3 affordable one-bedroom flats in Dundee listed at 70,000 and under 2023-10-11 First-time sellers guide 2023-10-11 Job Vacancy: TSPC Property Marketing Administrator 2023-10-06 TSPC House Price Report: July - September 2023 2023-10-05 The most-viewed homes on tspc.co.uk in September 2023 2023-10-04 TSPC Jargon Busters: Deposit 2023-10-02 Buying a property in Scotland: The legal process 2023-09-26 What are the differences between buying and selling property in Scotland and England? 2023-09-26 3 Recently Listed Angus Homes Perfect for Growing Families 2023-09-21 Bank of England Holds Interest Rates at 5.25% 2023-09-21 Why you shouldn't be scared of buying a doer-upper 2023-09-18 3 Two-Bedroom Properties in North-East Fife 2023-09-13 4 Two-Bedroom Flats Recently Listed in Central Dundee 2023-09-07 The top 10 most-viewed homes on tspc.co.uk in August 2023 2023-09-05 What parents need to know about helping their children to buy a home 2023-09-05 Newly listed: 3 properties for sale under 95,000 2023-08-31 4 Spacious four-bedroom homes for growing families 2023-08-23 Six attractive bungalows across Dundee and Angus 2023-08-16 Selling Your Home in Scotland: The Benefits of Choosing a Solicitor Estate Agent 2023-08-15 Five TSPC homes featuring beautiful gardens 2023-08-11 Bank of England Raise Interest Rates to 5.25% 2023-08-03 The most-viewed homes on tspc.co.uk in July 2023 2023-08-03 5 Properties with a recent price change 2023-08-02 Three unusual development listings currently on TSPC 2023-07-26 Recently remarketed: Another chance to make one of these 5 homes yours 2023-07-19 How to add value to your home 2023-07-10 6 properties for sale at 130,000 or under 2023-07-10 The most viewed homes on tspc.co.uk in June 2023 2023-07-05 TSPC House Price Report: April-June 2023 2023-07-05 Your common questions about moving home answered 2023-07-03 TSPC Jargon Buster: Date of Entry 2023-06-30 TSPC Jargon Buster: Closing Date 2023-06-07 Retirement homes in Dundee and Angus 2023-06-07 Explore the homes that made it to the top ten most viewed on TSPC for May 2023 2023-06-05 Area focus: Living in Broughty Ferry 2023-05-26 What can you buy for less than the average property price? 2023-05-17 Five coastal homes for sale right now with TSPC 2023-05-15 What is a Note of Interest? 2023-05-08 See inside the top ten most-viewed homes on TSPC for April 2023 2023-05-08 TSPC Jargon Buster: Property Chain 2023-04-25 How to choose the right location for your new home 2023-04-24 Prepare your garden to sell before summer 2023-04-21 What happens at a home valuation? 2023-04-14 House Price Report March 2023 2023-04-12 Most viewed homes of March 2023 2023-04-11 How to choose the right family home 2023-04-10 Property Spotlight: Five family homes in Dundee, Angus and North Fife 2023-04-10 TSPC Jargon Buster: Building Survey 2023-03-31 Budgeting for other costs of buying your first home 2023-03-28 Why you should use a solicitor estate agent when moving home 2023-03-28 Everything you need to know about selling a property in spring 2023-03-17 TSPC top ten most-viewed homes of February 2023 2023-03-16 Five First Time Buyer Homes in Dundee and Angus 2023-03-16 Household bills you will pay as a homeowner 2023-03-13 Everything you need to know about an Energy Performance Certificate (EPC) 2023-03-09 TSPC Jargon Buster: Asking Price 2023-03-06 How to prepare your home to sell in spring 2023-02-20 Buy-to-let property FAQs 2023-02-16 Tips for living in a small space 2023-02-16 The importance of getting a reliable property valuation 2023-02-14 Everything you need to know about the LIFT scheme for first-time buyers 2023-02-13 TSPC top ten most-viewed homes of January 2023 2023-02-08 TSPC Jargon Buster: Agreement in Principle 2023-02-03 Is it best to sell my home before buying my next property? 2023-01-26 Promising start to the property market in 2023 2023-01-25 Understanding Your Property's Value 2023-01-23 The Selling Process in Scotland 2023-01-18 Getting ready to buy a home in 2023 2023-01-13 Top tips for saving a deposit! 2023-01-09

2022

Top 10 most-viewed homes of 2022 2022-12-29 Benefits of using a solicitor estate agent 2022-12-29 What do the changes to property tax announced in the Scottish budget mean? 2022-12-19 Using a Home Report When Buying a Property 2022-12-15 TSPC reveals the top 11 most-viewed homes in November 2022-12-09 Most Common Property Questions Answered 2022-12-07 Everything you need to know about LBTT before the Scottish Budget 2022-12-01 The Buying Process in Scotland 2022-11-30 A step by step guide to buying a home 2022-11-27 Why you should use a mortgage adviser when buying a property 2022-11-22 Deposit - What does it mean? 2022-11-15 What will be the impact of another interest rates rise on the property market? 2022-11-10 What do solicitor estate agents think of the current economic climate? 2022-10-31 Why is Moving Stressful? 2022-10-26 Selling this Autumn? Here's Our Top Tips! 2022-10-18 What the Recent Changes to Interest Rates Means for the Property Market 2022-10-11 Buying a Property with Potential 2022-10-05 Deciding Whether to Manage your Own Rental Property 2022-09-29 What Rising Interest Rates Mean for the Housing Market 2022-09-23 Buying a Property With a Friend 2022-09-22 How To Make Your Property Stand Out From the Crowd 2022-09-15 What is Conveyancing? 2022-09-04 The Benefits of Dual Occupancy Homes 2022-09-03 The Do's and Don'ts When Viewing a Property 2022-09-03 Getting Ready to Remortgage - Everything You Need to Know 2022-08-22 Conveyancing 2022-08-17 Property Turnoffs and How They Can Affect Your Property's Value 2022-08-10 How Can I Add Value to My Kitchen? 2022-08-05 How Can Buyers Gain an Edge in a Busy Market? 2022-08-04 A Guide to Understanding EPC Certificates 2022-07-26 What To Expect From a Property Valuation 2022-07-22 Speeding Up the Conveyancing Process 2022-07-18 Housing Market Predictions 2022-07-07 How Does an EPC Rating Affect My Mortgage? 2022-07-04 Overpaying a Mortgage 2022-06-17 What Happens as a Home Valuation? 2022-06-09 What is a Closing Date? 2022-06-03 Here's What You Need to Know About Downsizing 2022-05-30 What Does 'Property Chain' Mean? 2022-05-26 Why You Need the Right Insurance When Taking Out a Mortgage 2022-05-24 Staging Your Home for Selling 2022-05-17 Buying a House in Cash 2022-05-10 The Selling Process in Scotland 2022-05-05 Strongest Ever Spring Sellers' Market 2022-05-03 How Will the Cost of Living Crisis Affect the Property Market? 2022-04-22 A Guide To Buying a House or Flat in Scotland 2022-04-18 Thinking of Buying an Investment Property? Here's What You Need to Know 2022-04-12 What's Happened to the Property Market Since Covid-19? 2022-04-06 Energy-Saving Tips For Your Home 2022-04-01 Understanding Your Property's Value 2022-03-28 Why It's Best To Sell Your Home Before Buying Your Next Property 2022-03-24 The Differences Between Buying and Selling Property in Scotland and England 2022-03-21 The Differences That Come with Using a Solicitor Estate Agent 2022-03-16 Want To Sell Your Home Fast? Here's Our Top Tips! 2022-03-10 Fixed Rate or Variable - What's the Best Mortgage? 2022-03-08 Building Survey's - What are they? 2022-03-03 Questions every first-time buyer should ask! 2022-03-01 What Is Required for a Successful Mortgage Application? 2022-02-22 Your Offers Been Accepted - What Happens Next? 2022-02-15 Joint Property Ownership - Everything you need to know 2022-02-09 Mortgages in 2022 - What Could Happen? 2022-02-05 4 Tips for Saving a Deposit 2022-02-01 Reminder - The Law on Fire Alarms is Changing 2022-01-25 The 2022 Scottish Property Market - What Will Happen? 2022-01-21 Top Mortgage Tips for First Time Buyers 2022-01-18 What's the difference in using a solicitor estate agent? 2022-01-11

2021

How the Scottish Housing Market has Changed Over the Last 50 Years 2021-12-27 Can I Get a Mortgage Without Permanent Residency? 2021-12-20 Property Conversion - Everything You Need to Know 2021-12-15 Asking Price - Everything You Need to Know 2021-12-06 What is Shared Ownership? 2021-11-24 What You Need To Know About Getting a Mortgage When You're Self-Employed 2021-11-19 So, What Is a Mortgage Agreement in Principle? 2021-11-08 Why You Should Use a Solicitor Estate Agent When Moving House 2021-11-03 Thinking of buying a listed property? Here's what you should know 2021-10-26 Everything You Need to Know About EPC Registers and Certificate Guides 2021-10-25 How much can I afford to borrow? 2021-10-20 Nine Steps to Selling Your Home 2021-10-18 Climbing the Property Ladder 2021-10-11 Fire Alarm Laws are Changing in Scotland 2021-09-27 Research You Should Conduct Before Buying a Property 2021-09-20 The LIFT Scheme and How You Can Use It To Buy a Home 2021-09-17 The Latest Scottish Government Guidance on Property Viewings 2021-09-10 NORMAL SERVICE BEING RESUMED IN A BUOYANT HOMES MARKET 2021-08-31 Should You Refurbish Your Property? 2021-08-18 Preparing Your Home for a Successful Sale 2021-08-13 Mortgage Interest Rates - What are they? 2021-08-09 Helping You Consider the Right Location for Your Next Move 2021-07-26 Tips For First Time Buyers To Help Get Them on the Property Ladder 2021-07-19 Scotland's First Home Fund is Closed, What Other Schemes Can Help First Time Buyers? 2021-07-12 Retirement Interest Only Mortgages - What You Need To Know 2021-07-07 How the UK Mortgage Market Has Changed Due to Coronavirus 2021-06-30 How To Boost Your Mortgage Deposit 2021-06-21 New Rules For Fire and Smoke Alarms in Homes Across Scotland 2021-06-17 Preparing To Put Your House on the Market in 5 Key Steps 2021-06-14 How Much Mortgage Can I Get For My Salary? 2021-06-09 Is Your House Ready to be Sold?: House Selling Checklist 2021-05-31 What is a Mortgage Agreement in Principle? 2021-05-25 All You Need To Know About EPC Registers and Certificates 2021-05-19 Making the Most of House Viewings 2021-05-12 How the Coronavirus Pandemic has Changed the Priorities of Scottish Home Buyers 2021-05-05 Top Tips on Preparing to Buy a House 2021-04-26 What You Need To Know About Overpaying a Mortgage 2021-04-21 Advice on Buying a Property During the Covid-19 Pandemic 2021-04-14 How the UK Mortgage Market Has Changed Due to the COVID-19 Pandemic 2021-04-13 Scotland's First Home Fund: Applications Now Closed 2021-04-09 Scotland's First Home Fund 2021-04-07 Scottish Stamp Duty Holiday: How Did LBTT Change and When Did it End? 2021-04-06 Property Questions Answered 2021-04-02

2020

Tayside housing market back with a bang 2020-12-10 Digital Guide 2020-05-27

2019

The property market across Scotland - Quarter Two 2019 by SPC Scotland 2019-10-16 LORD PROVOST OPENS NEW-LOOK CENTRE 2019-09-17 The Dundee property market 2019-06-24 A 427 MILLION BOOST FOR THE HOMES MARKET 2019-01-21

2018

Budget Proposals to the ADS Rate 2018-12-18 BUYING OR SELLING GET THE FACTS 2018-08-24 BUYING INTO LIFE ON THE WATERFRONT 2018-08-23 As moving day looms dont panic just prep 2018-05-17 THE BEST OF BOTH WORLDS FOR HOMEBUYERS 2018-04-03 HOME COMFORTS FEND OFF BEAST FROM THE EAST 2018-03-07 V&A DATE MILESTONE FOR THE WATERFRONT 2018-03-02 FLAT SALES EDGE TOWARDS �100 MILLION 2018-01-23 PROPERTY SALES PUSH TOWARDS THE �440 MILLION MARK 2018-01-08

2017

FESTIVE GREETINGS FROM ALL AT THE TSPC 2017-12-19 PUTTING DUNDEE ON THE MAP 2017-11-15 TIME TO BRING YOUR HOME TO THE MARKET 2017-11-01 AUTUMN IS A GOOD SEASON FOR SELLING 2017-10-17 HIGH PROFILE OPTION FOR TOP PROPERTIES 2017-10-09 MARKETING YOUR PROPERTY TO THE MAX 2017-08-21 DO YOU LIKE TO BE BESIDE THE SEA? 2017-06-15 TIME LOOMING FOR A RE-MORTGAGE 2017-06-09 HAS THERE BEEN A BETTER TIME FOR A HOUSE SALE 2017-05-26 TIME TO PUT YOUR FLAT ON THE MARKET 2017-05-04

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TSPC is the trading name of TSPC Holdings Limited, a limited liability company registered in Scotland No 279747 and Tayside Solicitors Property Centre Limited, a limited liability company registered in Scotland No 279746. The Registered Office of both Companies is 11 Whitehall Crescent, Dundee DD1 4AR.

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