The average house price-to-earnings ratio has jumped 10% in just over 5 years with many across Scotland facing paying up to six times their gross income in order to get on the property ladder.
The study looked at the average earnings of those living in local authorties against the price of property.
The average earning was found using ONS data while the average house price study from the Nationwide data was sources using the UK House Price Index.
The study found the average gross earnings in the City of Edinburgh was just over £41,000 but that first time buyers would face buying properties with an average price of £240,000, meaning those would be likely to pay at least six times over their annual earnings.
Indeed the top three most expensive areas for first-time buyers were based in Edinburgh and the Lothians with the City of Edinburgh followed by East Lothian and Midlothian.
According to the data, purchasing a house in East Lothian would cost around 5 and a half times the gross annual earnings for the area, with homes costing on average £199,000 and Midlothian homes costing £174,000 on average against salaries of around £35,000 for both areas.
East Ayrshire however had an average price of £83,255 against a salary on average of £35,298 meaning that the average house price-to-earnings ratio was 2.4.
Andrew Harvey, Nationwide’s Senior Economist, said: “Edinburgh has consistently been the least affordable location in Scotland since the start of our series in 2014.
"This reflects that average house prices there are significantly higher than in other parts of Scotland.
"Housing demand in the Scottish capital remains strong, while supply has struggled to keep pace.
"Average first time buyer house prices are around £240,000, which is nearly three times higher than those in East Ayrshire, the cheapest location in Scotland, and around 75 per cent above those in Glasgow. House price to earnings ratios in Glasgow and the surrounding areas remain well below those in Edinburgh and the wider Lothian region.”
He added: “East Ayrshire continues to be the most affordable authority in Great Britain, with average first time buyer house prices just 2.4 times average earnings.”
“East Ayrshire covers a large geographic area to the south of Glasgow, but its main towns are Kilmarnock and Cumnock.”
Across the UK, the average first-time buyer house price-to-earnings ratio has declined from 4.6 to 3.4.
The race for more living space during the coronavirus pandemic as people relocated may have priced some first-time buyers out of the market in more rural areas.
Here is a list of the cheapest local authorities based on the average First Time house price-to-earnings ratio using the UK House Price Index.
East Ayrshire – £83,255
North Ayrshire – £91,096
Inverclyde - £92,517
North Lanarkshire £100,800
West Dunbartonshire – £106,152
Eilean Siar £110,530
South Lanarkshire - £113,223
Clackmannanshire - £111,295
Renfrewshire – £114,246
South Ayrshire – £114,936
Falkirk – £117,048
Dundee City - £117,315
Fife - £119,912
Aberdeen City – £120,859
Angus – £122,437
Dumfries and Galloway – £121,441
Argyll and Bute – £121,739
Moray – £135,316
Scottish Borders – £137,843
City of Glasgow - £138,294
Orkney Islands - £146,454
Highland – £146,974
West Lothian – £146,817
Aberdeenshire – £147,334
Perth and Kinross – £156,469
Stirling - £161,070
Shetland Islands - £162,618
East Dunbartonshire – £172,950
Midlothian – £174,638
East Renfrewshire – £184,558
East Lothian – £199,669
City of Edinburgh – £240,504