Spring-Summer Market Update

With mortgage rates easing to just over 5% for two- and five-year fixes, buyer confidence has returned, especially among first-time buyers and those moving up.

Well-presented, realistically priced homes are attracting strong interest, while overpriced listings tend to stall.

• Average house prices (April 2025):
  • Dundee: £140,000 (+4.9% YoY)
  • Fife: £169,000 (+7.4% YoY)
• First-time buyer averages: £121,000 (Dundee); £141,000 (Fife)
• Mortgage-funded sales in Fife: rose 7.7%, averaging £172,000

Local approvals show buyers are discerning: properties with river views, garden space, and private garages, particularly around Newport-on-Tay, continue to outperform and sell quickly.

The market has shifted to a balanced position, where sellers can stand out by presenting thoughtfully, and buyers aren’t rushed into decisions.

🏠 Rentals – Returning to more normal conditions

On 1 April 2025, Scotland’s rent-cap regime ended, transitioning to an open rental market. While national rent growth has cooled (April saw ~2.8% YTD), local dynamics differ:

• Average monthly rents (May 2025):
  • Fife: £821 (+8.1% YoY)
  • Dundee: £840 (+4.4% YoY)

Supply-demand imbalances persist. Mid-to-high-end lets in prime locations are letting quickly, but others are remaining on the market, with pricing presentation being increasingly key.  As we experienced: a £25/month reduction on one listing led to immediate uptake, highlighting the impact of small, strategic adjustments.

Tenants face higher costs, and agents must balance landlord expectations with market realities.

📈 What It Means for You

Buyers
With the market more balanced, now is a good time to take your time, negotiate, and seek advice before committing to a purchase.

Sellers
Presentation is everything. Homes that are well-prepared and priced realistically are seeing the strongest interest and best offers.

Landlords
Be competitive with your pricing. Even a small reduction can make a big difference. Investing in good presentation also helps reduce void periods.

Tenants
Rents are rising, so be prepared; but well-priced, quality properties are still letting quickly. If you find something suitable, don’t hang about.

Our summary

Spring to early summer 2025 has seen steady mortgage conditions, year-on-year house price growth, and a rebalanced rental market returning to normal. Whether you’re buying, selling, letting, or looking to rent, the key is clear: quality presentation, fair pricing, and local insight make all the difference.

Thinking of making a move?

If you’re considering selling, buying, letting, or investing, now is a great time to explore your options. The market is balanced, demand is steady, and well-prepared properties are still performing strongly.

At brikk, we’re offering no upfront selling fees throughout summer; you only pay for the Home Report. It’s our way of making things simpler and more accessible during a busy season.

Our team is here with honest advice, local expertise, and full support at every step.

Contact us today for a no-obligation chat about how we can help:

📞  01382 540545
✉️  info@brikkhaus.com
💬  WhatsApp: 07892 891116