Citylets Report Fall In Average Private Rents In Dundee
Monday, November 21st, 2011
Letting experts reveal Dundee as being the cheapest city in Scotland for tenants.
Citylets issued their quarterly data report which showed a slip in rental prices in Dundee, in contrast to Glasgow, Edinburgh and Aberdeen.
It is the first time Dundee has been included in its detailed report which reported on the average rent for a two-bedroom as being £537 which is 0.09% on last year.
The news is positive for landlords in the city who should expect their properties to be let out faster than in other parts of the country, with it taking on average 35 days to find a tenant for a two-bedroom flat and 29 days for a one-bedroom property.
Senior Citylets analyst Dan Cookson said: “Demand for accommodation is still extremely high and there are more properties coming on to the market, which is providing more choice for prospective tenants.
”All the signs suggest that Scotland’s rental market is stronger than ever and the strong demand for rented properties shows no signs of abating any time soon.”