Broad Rental Market Area Profile – Dundee and Angus
Note in the following text and charts that average rents that have changed within +/- 0.5% could be considered as being fairly similar to previous periods.
Average (mean) 2 bedroom rents in Dundee and Angus have been lower than the Scotland average in each year since 2010, with the average rent in 2021 being £601 per month, compared to the Scotland average of £693.
Between 2020 and 2021 average rents have increased for 1 bedroom (2.3%), 2 bedroom (3.4%), 3 bedroom (3.4%) and 4 bedroom (1.3%) properties, with the average rent decreasing for 1 bedroom shared properties (-0.6%), which compares to CPI inflation of 1.5% across this time period.
Between 2010 and 2021, average rents have increased across all property size categories, with increases ranging from 18.1% for 1 bedroom properties to 50.9% for 4 bedroom properties, which compares to CPI inflation of 24.3% across this time period.
For 3 and 4 bedroom properties, increases between 2010 and 2021 have been greater at the top end (upper quartile) than the bottom end (lower quartile), causing the gap between top and bottom ends of the market to widen.
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