Scotland’s most expensive regions for first-time buyers have been revealed in a recent study.
The data, published by Bank of Scotland, looked at the average price of properties in certain areas and the house price to average earnings ratio.
Midlothian came out as the most expensive area to buy a property with City of Edinburgh and East Lothian falling closely behind.
The cost of a first home has risen 42 per cent in the last decade, with the average price of a first-time buyer property increasing from £108,774 in 2010, to £154,449 today with Scottish first-time buyer properties seeing a 4 per cent rise in the last year alone.
The number of first-time buyers in Scotland is at a seven-year low falling over a third (35 per cent) since last year, as many reconsider their options in the wake of the pandemic, according to the study.
1. Midlothian
In Midlothian the house prices average at £178,878 and house price to average earning ratio is 5.3 making it the most expensive area in Scotland for first time buyers. Pictured: Penicuik. Credit: Lewis Clarke/Geograph/creativecommons.org/licenses/by-sa/2.0/ Photo: Lewis Clarke
2. City of Edinburgh
City of Edinburgh has been revealed as the second most expensive area for first-time buyers where property prices average at a staggering £209,22. The house price to average earning ratio stands at 5.0. Picture: Victoria Street, Edinburgh Photo: JPI Media
3. East Lothian
Like its neighbouring regions, East Lothian is of the least affordable regions in Scotland for first-time buyers where houses average at £177,989 and the house price to average earnings ratio is also 5.0. Picture: North Berwick, East Lothian Photo: JPI Media
4. Moray
Further north in Moray properties average at £149,646 and the house price to average earnings ratio is 4.6 making it the fourth least affordable place in Scotland for buyers. Picture: Fochabers Photo: JPI Media