Exploring the Dundee Property Market

Top Insights and Opportunities from Gilson Gray

The Dundee property market is bustling with opportunities and hidden gems for a wide range of buyers. Whether you’re a first-time buyer, an investor, or someone looking to relocate, understanding where to focus your search and what to expect in the coming months can make a significant difference.

Speaking to Ben Finnie, Regional Sales Manager at Gilson Gray, let’s delve into some key insights and predictions for Dundee’s property scene for the remainder of 2024.

Broughty Ferry and Newport specifically are currently seeing the most activity. These areas are buzzing with interest from buyers and investors alike. Broughty Ferry, with its beautiful waterfront and vibrant community, offers a blend of urban convenience and coastal charm which is highly sought-after. Newport, just across the Tay, provides stunning views and a quieter, village-like atmosphere while still being accessible to Dundee’s excellent amenities.

For those looking to uncover hidden opportunities, ex-local houses are proving to be a standout choice. These properties, particularly when lovingly renovated to a high standard, are performing exceptionally well in the market. They offer great value and potential, making them a great choice for first-time buyers looking to take that first step onto the property ladder or investors seeking solid returns.

As we move into the second half of 2024, there is optimism surrounding the property market in Dundee. Demand is expected to increase if interest rates begin to fall, with this potential drop in rates expected to stimulate activity as borrowing becomes more affordable, enticing more buyers into the market.

For anyone considering buying property in Dundee at present, my top piece of advice would be to speak to a local agent like Gilson Gray. Local agents have the latest insight on available stock and are best placed to help you find great deals. Their expertise and local knowledge can be invaluable in navigating the market and securing the best possible property for your specific goals.