£17k jump in house prices in two years

NEW research shows Dundee house prices have risen by 14% since the start of the Covid-19 pandemic.

Average house prices have gone from £123,029 pre-pandemic to £140,218 according to data from property firm DJ Alexander. But the £17,000 rise in typical house prices in Dundee lags behind the Scottish average.

The figures, between March 2020 and February this year, show prices across Scotland are up 20% – from £150,625 to £180,822.

In Glasgow over the same period average house prices increased 24.3%, rising from £133,368 to £165,805.

There was an increase in Edinburgh of 14.8%, from £274,512 to £315,070.

Dundee homes have performed better than Aberdeen which saw a 2.4% increase in value to £143,591.

The average cost to rent a home in Dundee is now nearly level with Aberdeen.

The average figure to rent a property

In the lead up to Father’s Day, which falls on 19 June this year, The Courier and Evening Telegraph want to pay tribute to the dads out there who have loved, supported, taught and doted upon their children.

Over the past two years or so, families have been kept apart and we have sorely missed our loved ones, so now is a great time to show your dad just now much he means to you.

We want to hear about other father figures too – perhaps an uncle, family friend or grandfather has been there for you like a father over the years and you want to show them how grateful you are. Get in touch to submit a special message wishing them a Happy Father’s Day and share your tribute with the world!

This is a gift which can be kept for years to come; it is a keepsake which can be treasured like a love letter. in the city is now £722, an all-time high, according to Citylets.

At the start of the year, local estate agents said house prices would rise between 2% and 8% this year.

David Alexander, chief executive of DJ Alexander Scotland, said: “While nobody will be surprised that there has been such a large jump in average house prices in Scotland since the pandemic began many are now questioning just how long this can go on.

“Brakes are being applied across the economy in terms of rising interest rates, higher utility bills, increased living costs, and rising inflation.

“It is clear that many of the elements which have contributed to this boom have, or are, rapidly disappearing.”

Before the pandemic, it took seven years for average house prices to increase by 20%. House prices in Scotland rose 19.3% between May 2013 and February 2020.

Mr Alexander said that was “more in

If your father or grandfather has sadly passed away, paying tribute to them in their local newspaper could bring a smile to your siblings’ or parents’ faces. It is a reminder that he is always with you and will always be remembered.

It really is one of the most thoughtful gifts you could give this year. You can write your own message for just £7, perhaps include his favourite lyrics or a poem you know he loves. And you can include your favourite picture of the pair of you for £10.

Your personal message can be printed any time in the lead up to Father’s Day but the deadline for your requests is 12:30pm on 17 June.

Give your team a call on the number below and give your dad a Father’s Day surprise he will never forget! line with long-term growth in the housing market”.

He added: “What is of concern is that we have had this sudden demand which is now reducing. There are concerns about the degree of contraction likely to occur in the housing market both in Scotland and across the rest of the UK.”

Mr Alexander said the market may be on a “tipping point” between a controlled fall in house prices and a sharper decline.

“Whilst I think it is premature to think of a sudden fall in house prices recent months have seen a progressive softening of average prices,” he said.

“I would expect this to continue and increase levelling out at around an annual rate of two to three per cent in the next year or so. The plus points are that we have record low unemployment, so homeowners are likely to be reasonably secure in the short term.

“The key will be how well households cope with the substantial increases in utility bills this winter coupled with rising food prices due to the war in Ukraine.”

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