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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%.

2019

2018

Property Repair Seminar 2018-11-20 Free Property Repair Seminar Tuesday 13th November 2018 2018-11-09 The Facts January - September 2018 2018-10-18 Process of buying your property with PSPC 2018-09-11 Land & Buildings Transaction Tax - Help for First Time Buyers 2018-07-19 **Summer** 2018-07-17 A New Look for PSPC 2018-04-18 Followup for Property Repair Seminar 2018-03-26 Property Repair Seminar - Information 2018-03-19 Property Facelift 2018-03-09 Property Repair Seminar - Caring for your Historic Building 2018-03-03 Buyers Event at PSPC 2018-02-24 Moving This Spring? Something Old, Something New 2018-02-07 More on the Help To Buy Buyer's Event 2018-02-06 Help to Buy 2018-01-30 Stats - How was 2017? 2018-01-10

2017

Christmas Opening Hours 2017-12-18 Children's Christmas Colouring In Competition 2017-12-18 Free Valuations 2017-11-22 Countdown to Christmas: never too late to buy or sell! 2017-11-21 Winter Warmer 2017-11-03 Sold 2017-11-01 Three quarter year stats - 2017 2017-10-04 Help to Buy September 2017-09-30 New Digital Guide 2017-09-20 SPC Scotland New Website 2017-09-05 Digital Guide 2017-08-10 Six Month Review 2017-08-02 Reasons to live in Perthshire 2017-08-02 Under Offer 2017-08-01 June stats 2017-07-03 Chunky facts 2017-06-27 May sales 2017-06-02 First Quarter Stats 2017-03-31 Hospital Radio Quiz Night 2017-03-23 Help to Buy Event 2017-03-08 property: Perth top of Scots table with 27% gain, with Dundee close behind 2017-03-08

2016

Welcome Message Guide Issue 1477 8/12/2016 2016-12-07 PSPC Guide Competition 2016-12-07 Competition Time 2016-12-05 Social Media 2016-11-30 Black Friday 10% Voucher Deal 2016-11-25 Welcome Message Guide Issue 1476 17/11/2016 2016-11-17 Winter Warmer 2016-11-17 Thank You 2016-10-31 Welcome Message Guide Issue 1475 27/10/2016 2016-10-26 Help To Buy Event 29th October 2016 2016-10-25 Help to Buy Event 2016-10-25 Stability Remains the Theme 2016-10-06 Help to Buy Event at PSPC 2016-09-30 Need a little help getting on the property ladder?? 2016-09-22 Welcome Message Guide Issue 1473 15/09/2016 2016-09-14 August Sales/Under Offers 2016-09-01 August stats 2016-09-01 Welcome Message Guide Issue 1472 25/08/2016 2016-08-26 Local Market -v- National Trends 2016-08-26 Staff Position 2016-07-22 Welcome Message Guide Issue 1470 14/07/2016 2016-07-13 First Half of 2016 Sees £50M+ Property Sales 2016-07-01 Welcome Message Guide Issue 1469 23/06/2016 2016-06-23 Summer Storage Solutions 2016-06-23 Welcome Message Guide Issue 1468 02/06/2016 2016-06-02 Taxing Times 2016-06-02 Welcome Message Guide Issue 1467 12/05/2016 2016-05-11 A First Time for Everything 2016-05-11 Welcome Message Guide Issue 1466 21/04/2016 2016-04-21 Property Market Spring Forwards 2016-04-21 PSPC Guides 2016-04-14 Welcome Message Guide Issue 1465 30/03/2016 2016-03-30 Blooming Marvellous 2016-03-30 Sounding Out Perthshire's Legal Talent 2016-03-30 ‘Perfect storm’ in property market 2016-03-24 Welcome Message Guide Issue 1464 10/03/2016 2016-03-09 Selling Up? Clear Up! 2016-03-09 Help to Buy and Lift Scheme FREE Mortgage Advice 2016-03-04 Welcome Message Guide Issue 1463 25/02/2016 2016-02-24 Financial Help for Perthshire Househunters 2016-02-24 Under Offers 2016-02-17 Welcome Message Guide Issue 1462 11/02/2016 2016-02-10 Help to Buy = Help you Move! 2016-02-10 Help to Buy Event 2016!! 2016-02-05 Welcome to the latest edition of PSPC's Guide 28/01/2016 2016-01-29 Why PSPC? 2016-01-29 First Guide of 2016 2016-01-13 Moving On Up in 2016 2016-01-13 Stats 2016-01-12

2015

The Last of 2015 2015-12-10 PSPC Festive Opening Hours 2015-11-25 PSPC Festive Opening Hours for Saturdays 2015-11-25 Busy time for PSPC with Under Offers 2015-11-18 Its Never to Late 2015-11-09 Selling the Outside 2015-10-28 Perthshire Property Market 'Turns a Corner' 2015-10-15 Independent Financial Advice 2015-10-12 Turning Over a new leaf this Autumn 2015-10-01 Your most popular questions answered about Title Deeds 2015-10-01 Chairman's Report 2015-09-22 Properties 2015-08-01 Under Offers - July 2015-07-31 Under Offer 2015-07-22 January - June 2015 2015-07-02 Buying to Let 2015-06-12 Storage Problems? 2015-05-20 Sellers Event 2015-04-30 Spring Sales Review 2015-04-16 The Changing Face of Pensions 2015-04-14 Easter Weekend 2015-04-03 Help to Buy Day 2015-03-23 Help to buy Made Easy! 2015-03-17 Money DOES Matter! 2015-03-10 Moving on up in 2015 2015-03-10 Taxing Times 2015-03-10 And Relax.... 2015-03-10 Guidance on Stamp Duty 2015-03-10 Further update to Stamp Duty 2015-02-06 All change again for Stamp Duty 2015-01-05 Moving on up in 2015 2015-01-05

2014

November figures 2014-12-17 Staff Vacancy 2014-10-20 Taxing Times 2014-10-14 Stats 2014-10-14 September Stats 2014-10-02 Pitlochry Highland Games 2014-09-25 Pitlochry Highland Games 2014-09-12 Aberfeldy Show 2014-08-07 Half Year Stats 2014-07-09 Scotland's Housing Market 2014-06-04 Help to Buy 2014-06-03 Monday Bank Holiday 2014-05-23 Help To Buy Event 2014-05-16 Chairmans Report 2014-05-09 Mortgage Maze 2014-05-09 Easter weekend 2014-04-14 March stats 2014-03-31 Refurbishment 2014-03-12 Mortgage Advice Surgery 2014-03-07 Refurbishment 2014-02-19 Moving Made Easy 2014-02-14 SPC News 2014-02-11

2013

Sales for 2013 2013-12-31 New Year 2013-12-31 September Stats 2013-10-09 Customer Service Questionnaire 2013-10-09 August 2013 - New Guide 2013-09-02 Property Guide 2013-08-21 Crieff Highland Games 2013-08-16 New advertising site 2013-08-08 July Stats 2013-08-05 Perth Show 2013-08-02 Six monthly stats 2013-07-01 May Stats 2013-06-04 Customer Service Centre 2013-05-06 April Sales 2013-05-01 Quiz Night 2013-04-19 Website 2013-04-08 Quarter Stats 2013-04-03 Easter Holidays 2013-03-28 Year 2012 Stats Report 2013-01-04

2012

Autumn cheer for buyers and sellers 2012-11-01 Stats 2012-10-01 Lift Scheme 2012-09-06 Pitlochry Highland Games 2012-09-03 Under Offers 2012-09-03 Property Man 2012-08-16 Sales to June 2012 2012-07-10 First Quarter Stats 2012-06-22 Under Offers 2012-06-01 Sales Value 2012-04-02 Under Offers 2012-03-01

2011

Duty Solicitor 2011-05-13 QR Codes 2011-03-04 Mobile Phone 2011-03-04

2010

Prestigious Properties 2010-09-22 40 Years 2010-07-14 New PSPC Website 2010-07-07 Perthshire Property Now on Call 2010-05-12

2009

Zoopla 2009-10-22

2008

www.sspc.co.uk - largest selection of properties for sale in Scotland 2008-03-12

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