Are you weighed down by large mortgage repayments? Or are you struggling to find a new home on a tight budget? If so, it may be worth reconsidering your location.
It's well known that location is an important factor in buying a property, but sometimes you can find yourself paying more than you really need to just because of a postcode. To help, here is a list of these most affordable areas in Scotland.
According to property advice company, MoveIQ, Aberdeen is also a very affordable place to buy property in the UK. The average house price here is just £144,928, while the average income in the area is £38,926.
2. Orkney Isles
Orkney is one of the most affordable places to live, with an average house price of £131,913, only 3.8 times the average annual pre-tax income in the area. According to Lloyds bank it also has one of the highest employment rates with nearly nine in 10 (88 per cent) of 16 to 64 year-olds in work.
With an average house price of £136,516, Glasgow is an affordable option for those looking to buy a new home or looking to free themselves of hefty mortgage repayments. Since the average income here is £34,008, you’ll likely have plenty of left over savings to enjoy the city.
4. Stevenston, North Ayrshire
According to Zoopla, Stevenston is one of the most affordable place to live in the whole of the UK in 2020. The average house price here is only £72,000 while the median gross income is £30,000.