Spotlight on Dundee: The NEW Buy to Let Capital
Murray Property Holdings
Asset backed property investment opportunities, providing attractive returns. Hands-free investment with no hassle!
Dundee has been showcased as a shining light in the buy to let property market. Statistics collated by Gilson Gray, have evidenced that Dundee is now benefiting from recent investments made into the City, that has really added to the appeal of the area.
In recent years, Dundee has really come into its own, starting with the creation of the popular V&A Museum and the regeneration of Dundee’s beautiful waterfront. The new E-Sports Arena has also just opened its doors.? It is believed all of these positive developments are having an impact on the local economy.
Statistics provided by Gilson Gray demonstrate that Dundee rents have had the highest overall increase in the UK in the last 12 months. In years gone by, Glasgow has held the top spot, but as you will see from the table below, Dundee is now top for the first time in 10 years.
With Dundee's groundbreaking cancer research at Ninewells Hospital, biotechnology industries, two universities and a high-tech gaming and technology community, this has helped to make it a City that can’t be rivaled in 2023 when it comes to the property market.???
Dundee is expected to continue to be competitive with the average price of a detached home in the City increasing from ￡257,372 in 2020 to ￡332,940 in August 2023. Semi-detached properties are 27.2% higher over the same period of time.
Adding to the appeal, Dundee is great for commuting from Edinburgh and Glasgow. You can travel via Train in just over one hour, and one and a half hours respectively. This adds to the appeal of investing here with good transport links.
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If you are in the market to invest, then Dundee should be given serious consideration, with many infrastructure projects still in the pipelines and a continual growing economy. It is also one of the most affordable places to own a property. You can purchase two or three properties in Dundee for the same price as one property in Edinburgh. Property investments in Dundee start from around ￡25,000 (Dundee average house price: ￡128,617 and Edinburgh average house price: ￡263,894)
If you are not familiar with Dundee as an investor, it is worthwhile noting that there are over 21,000 students living in Dundee, always on the lookout for accommodation. There is high demand for rental properties within the City Centre and towards the West End (University is located here). Some of the favourite streets for property investment include Strathmartine Road, Dens Road, Blackness Road and the Perth Road. Further away from the City are the very popular Broughty Ferry, Carnoustie and Monifieth areas, which offer a slightly more exclusive purchase, whilst remaining popular investment areas.
If you are looking for asset backed property investment in the Dundee area and beyond, get in touch with the Murray Property Holdings Team
Absolutely thrilling to see Dundee shining bright in the property sector! ?? As Warren Buffett wisely remarked, “Price is what you pay. Value is what you get.” Dundee’s market growth undoubtedly showcases its value. Speaking of value, did you know there's a chance to be part of a Guinness World Record for Tree Planting? Adding green value to investments is the future! Check this out for an enriching opportunity: https://bit.ly/TreeGuinnessWorldRecord ????
"Opportunity does not waste time with those who are unprepared." - Louis Pasteur ??? The growth in Dundee's market illuminates the potential for savvy investors. Preparing now can turn this spotlight into your stage! #InvestmentWisdom #DundeeGrowth ??