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Dundee Property Market
If you live in Tayside, or are thinking of moving then you’ll be delighted to learn that the Dundee property market has had a thriving Summer. In August, we caught up with local Director, Gary Black, who reported that the property prices had been on the rise throughout 2019. This is always positive news for home owners, in fact, Dundee saw the third largest year on year increase in average selling prices compared to 2018- rising by 10% to £135,017.
While talking, Gary, touched on the increase being due to Dundee’s newly formed V&A Museum, which opened back in September 2018. The £80m building designed by Japanese architect Kengo Kuma spans across 2.1 acres and is situated on Dundee’s waterfront.
The Dundee based museum is the only other V&A outside of London, which makes Dundee, and Scotland feel very privileged to have such great architecture and history in our city.
Not only has the project vastly increased the visitor numbers and tourists to the city, it has also increased the investment in Dundee, especially along the waterfront, where the museum sits. All of this new found activity has had a superb effect on the people living and working in the area with some saying “there has been a buzz about the place since the build of the V&A, and everyone’s mood just seem lifted” which is great for people wishing to settle down in Dundee.
With the general atmosphere on the up, we are expecting another strong few months ahead for Dundee’s property market. With two thriving Universities in the city- Abertay and Dundee- and plenty of colleges to choose from, there are fantastic opportunities for investors to enter a prosperous city full of students. Young families are not left out either, with a great choice of schools and leisure facilities that will leave you wanting more.
For any advice, guidance or even just a quick chat about Dundee, give our experienced local director a call.
Gary Black: T: 01382 349930 E: Gary.Black@alliedsurveyorsscotland.com