Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Dundee lacking appeal for property investors — as Aberdeen ranks last

Dundee's riverside location was not enough to put it at the top of investors' lists.
Dundee's riverside location was not enough to put it at the top of investors' lists.

Dundee has been ranked ninth out of a list of ten regional locations for property investment.

Research amongst British property investors by the law firm Morton Fraser’s commercial real estate division ranks a list of ten British cities according to their attractiveness as investment options.

Edinburgh (+24), Bristol (+21) and Manchester (+4) are the most appealing destinations, with more investors finding them attractive propositions than those who did not.

Dundee did not appeal to the majority of investors, with a net score of minus 33, with more rating the city an unattractive than an appealing investment prospect.

Aberdeen is rated the least attractive location for property investors, with a score of minus 40.

This comes after its energy-dependent economy was hit by falling oil prices, leading to thousands of job losses and the contraction of the oil and gas industry.

David Stewart, commercial real estate partner at Morton Fraser, said: “The top cities in our league table have demonstrated real economic resilience since the recession.

Their success in protecting inward investment, attracting business and talent, and developing infrastructure means property investors can more easily envisage long-term gains.

“Investors will hope that the waterfront development in Dundee, which is still in its early stages, will help to transform the local economy, but for now, many are keeping a watching brief.

“Regional commercial property investment has a lower upfront capital cost but can often return higher yields and longer tenant leases, improving income security.

“However, those benefits are outweighed by perceived economic risks in most regional cities by potential investors.”

He added: “Experience shows that a good property investment can withstand economic fluctuations and the right opportunities can be found in all these locations.”

Property consultants Ryden recently revealed Dundee was facing major shortages of serviceable industrial property and lacked Grade A office accommodation.

Already a subscriber? Sign in

[[title]]

[[text]]