Stirling is the second most affordable city to buy a home in the UK, according to a new study.
Two other Scottish cities, Glasgow and Perth, also made it on to a list of the 15 of the UK’s current most affordable places to live.
The Lloyds Bank affordability ratio, which compares average city house prices with average gross local earnings, found the average city property now costs 6.6 times earnings, up from a multiple of 6.2 a year ago.
The affordability of a home across cities has reached its worst level in eight years, the report consluded.
It highlighted how the average UK city house price has risen by 8 per cent from £196,229 in 2015 to a record level of £211,880 in 2016. There is also a growing north-south divide in the affordability of a home, with cities in southern England making up most of the least affordable cities.
Londonderry in Northern Ireland was named as the most affordable, with the average home there costing less than 3.8 times average wages.
Stirling was second, with homes there costing an average 4.1 times average wages.
In Glasgow, the rate was 5.07 and in Perth 5.24.
Lloyds used official earnings figures and house prices from Halifax’s database to make the findings.
Ken McEwan, chief executive of McEwan Fraser Legal, said: “It is no surprise to see Stirling, Glasgow and Perth on the list. We have certainly seen unprecedented buyer interest in all of these cities due to the affordability of property, but also to the quality of lifestyle available in these cities.
“The demand we have seen recently has certainly been down to the run up to 1 April, when the new punitive slab tax on second homes comes into play”
A home in Oxford, Winchester or London costs more than ten times the average local wage, while the highest figure in the north of England is in York, at 7.5.