Tayside property market 2024 recap and 2025 predictions

The Tayside property market is poised for a promising year ahead, according to our latest stats. Whether you’re buying or selling, the region’s housing trends indicate robust growth and increasing confidence.

As part of our 2024 market review, TSPC statistics reported an “exceptionally positive” end to the year.

Strong fourth quarter performance

The final quarter of 2024 (October–December) showcased remarkable growth, with the average selling price across Dundee, Angus, and North Fife rising by an impressive 10.6%, reaching £183,272 compared to the first quarter (January–March). Properties sold faster too, with the average time to sell dropping to just 28 days—seven days quicker than earlier in the year.

Other highlights included an increase in properties selling above their Home Report value and a higher percentage of homes selling with a Closing Date. Overall, the fourth quarter saw a 21.5% surge in properties sold, reflecting growing buyer confidence. TSPC solicitor estate agents played a significant role, with property sales increasing by 21% and new property listings rising by 6%.

Year-on-year growth

Reflecting on the year as a whole, the average property selling price increased slightly to £179,126, compared to £178,717 in 2023. A total of 2,081 homes were sold in 2024, up from 1,724 in 2023—a 20.7% increase in sales volume.

Regional highlights

Several areas across Tayside saw exceptional performance in 2024:

• Broughty Ferry and Barnhill: A 40% rise in properties sold.
• Forfar, Letham, Tannadice, Kingsmuir, and Guthrie: The highest average selling price increase of 6%, reaching £175,699.
• Dundee (including Invergowrie): Property sales grew by 25%.
• Angus (Brechin, Edzell, Stracathro, and Trinity): Sales climbed by 33.3%.
• North East Fife: A 43% increase in sales.
• Auchterhouse, Birkhill, Muirhead, Piperdam, and Liff: Achieved the highest percentage above Home Report value across all TSPC areas at 3.1%, with the average selling price increasing by 26.3% to £323,468.

Predictions for 2025

Angela Wallace, Centre and Operations Manager at TSPC, predicts a bright future for the Tayside property market. “While the start of 2025 may be slow, I expect growth to pick up by early spring across most segments of the housing market,” she shared.

Angela highlighted potential challenges in the rental market, citing a decline in the number of landlords. However, she sees renewed enthusiasm for moving in 2025, supported by lower interest rates, market stability, and a positive economic outlook. “I anticipate property prices will align closely with Home Report values, with over 80% of all market activity continuing within the DD postcode areas,”.

TSPC remains the leading platform for marketing properties in Dundee and the surrounding areas. Representing 27 local solicitor estate agents, TSPC provides a one-stop solution for estate agency, legal, and conveyancing services.