Scotland’s most affordable areas to purchase a property for first-time buyers have been revealed in a recent study.
Among those regions considered best for the more frugal house hunters include Ayrshire, Renfrewshire and West Dunbartonshire.
The study, done by Bank of Scotland, revealed the number of first-time buyers in Scotland is at a seven-year low, falling more than a third (35 per cent) since last year, as many reconsider their options in the wake of the pandemic.
It also showed that in the first six months of this year there were 10,158 first-time buyers, compared to 15,570 over the same period last year.
This is the lowest number of buyers taking their first step onto the property ladder since 2013.
Here are the ten most affordable areas to purchase a home this year:
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9. Stirling
In Stirling, the average price of a property is £173,185 making it one of the top affordable areas in the country for first time buyers. The house price to average earnings ratio stands at 3.8. Picture: Stirling Castle Photo: JPI Media
10. East Renfrewshire
East Renfrewshire, where properties average at £200,158, and the house price to average earnings ratio is 3.9, is the tenth most affordable region in Scotland for first time buyers according to the Bank of Scotland's recent study. Picture: East Renfrewshire Photo: JPI Media