Growing Tech Industry Hub
Dundee is famous for its video game industry and is the birthplace of the internationally popular game Grand Theft Auto. This global reputation has helped facilitate massive growth in Dundee’s technology sector. This includes software, business solutions, ICT, robotics, games, media, screen production, analytics, AI, and cybersecurity.
Dundee’s connection to video games has even led to the development of an esports arena set to open in 2025 as part of the city’s £1 billion waterfront regeneration. Abertay University is also recognised as Europe’s leading games school.
Dundee plans to become a ‘smart city’ through substantial investment in the digital sector.
Dundee’s student population ratio is 1:5, the highest in Scotland and one of the highest in the UK overall. There are two universities in the city, the University of Dundee and Abertay University. The University of St Andrews is also just 14 miles away.
In 2021, it was named one of the most fun cities to be a student in, and it was voted one of the best student cities in the UK in 2022. It’s no wonder, then, that this small city keeps attracting students to live and study there.
There are some downsides to investing in student accommodation, such as frequently changing tenants, but it can often command higher rental yields than standard residential properties as several students usually wish to live together, and landlords charge per person.
Looking at student property investments for sale in prominent areas is a good way to ensure consistent rental demand for a property, as there is a guaranteed influx every year.