First-time buyers in Dundee: Opportunities and challenges

Dundee is a great option for first-time buyers, offering affordable housing in a city that’s constantly evolving. Between 1 October 2024 and 31 December 2024, the average selling price of homes in Dundee was £153,601 (based on data held by TSPC). Compared to Scotland’s national average of £187,016 during the same period, Dundee remains a more budget-friendly choice. This affordability makes it especially appealing for young professionals, graduates, and families looking to settle in a lively and growing city without the high costs of places like Edinburgh and Glasgow.

Beyond affordability: Dundee’s growth

Dundee is more than just affordable – it’s a city on the rise. With a successful tech sector, it attracts both startups and established businesses. Major employers such as Abertay University and NHS Tayside provide strong job opportunities, helping to create long-term housing stability.

The city’s ambitious waterfront redevelopment has also transformed its landscape. The addition of the V&A Dundee museum, revitalised public spaces, and new commercial projects have made the city even more attractive for both residents and investors. Improved transport links and modernised public facilities further enhance the quality of life for those who call Dundee home.

A hub for learning and innovation

Dundee’s well-regarded universities bring a steady flow of students and professionals to the city. Abertay University, known for its excellence in video game design and cybersecurity, and the University of Dundee, a leader in medical and life sciences research, make Dundee a centre for education and innovation. This academic presence not only boosts the rental market but also encourages graduates to stay in the city, increasing demand for housing.

A unique and appealing lifestyle

Beyond work and study, Dundee offers a fantastic quality of life. The city combines urban convenience with scenic beauty, thanks to its coastal location and green spaces.

Its compact size means that everything – shops, restaurants, entertainment, and job opportunities – is within easy reach. A thriving food scene, independent businesses, and an emerging arts and culture scene further add to the city’s charm, making it a great place to live.

Considerations for first-time buyers

While Dundee has plenty to offer, there are still some challenges to consider. Rising living costs, mortgage rate fluctuations, and limited availability of certain property types can be hurdles for buyers. However, with good financial planning and the right mortgage advice, many of these challenges can be managed.

Final thoughts: A city of opportunity

Despite some challenges, Dundee remains a fantastic choice for first-time buyers. With a mix of affordable housing, strong economic prospects, and a vibrant cultural scene, it’s an ideal place for those looking to take their first step onto the property ladder. Dundee isn’t just a smart financial investment—it’s a place where individuals and families can build a future and truly thrive.

Start your search with TSPC

If you’re ready to find your first home in Dundee, start your search with TSPC. As the leading property portal for the area, we offer exclusive listings and hold the majority of the local market share. With a wide selection of properties and expert advice, TSPC is the best place to begin your journey towards homeownership in Dundee. Search now.