FIVE Scottish towns have been named in a list of the 15 most affordable places in the UK to buy a first home.
The town of Greenock in Inverclyde was ranked the most affordable, while others like Paisley and Kilmarnock were named in the top 15.
The list, which was compiled from research by Pink Storage, analysed property data, average household incomes, and the deposit needed to get on the property ladder to find the country's most affordable locations.
They used data from the property website Rightmove, payscale for salaries, and ONS data.
The storage company found 15 locations that they determined to be the most affordable in the UK.
Greenock ranked the most affordable UK town for first-time buyers
Greenock came first in Scotland and the UK, with the average deposit needed to buy a first home being around £10,288.
This compares to Derry, which came second with an average deposit of around £11,650.
The average house price in the Inverclyde town was found to be £102,882 while the average household income is £50,000, meaning that a 10% deposit would take 2 years to save for.
Other Scottish locations among the most affordable for first-time buyers
Four other locations across Scotland were ranked among the most affordable.
Coatbridge, North Lanarkshire
Coatbridge in North Lanarkshire was found to be Scotland and UK's 2nd and 4th most affordable location.
The average deposit needed was found to be around £13,311.
Kilmarnock, East Ayrshire
The large town of Kilmarnock is the 9th most affordable in the UK and the 3rd in Scotland with an average deposit of around £13,958.
Paisley, Renfrewshire
Paisley, which is Scotland's largest town outside of Glasgow, Edinburgh, Dundee, and Aberdeen, ranked 10th in the UK and 4th in Scotland.
The average deposit was found to be around £13,968.
Glenrothes, Fife
Glenrothes in Central Fife is ranked 11th and 5th in the UK and Scotland with an average deposit of around £13,985.
The full list of the most affordable towns and cities for first-time buyers in the UK
Here are the 15 most affordable towns and cities for first-time buyers in the UK according to research by Pink Storage:
- Greenock (£10,288)
- Derry (£11,650)
- Bootle (£12,125)
- Coatbridge (£13,311)
- Birkenhead (£13,329)
- Burnley (£13,344)
- Jarrow (£13,543)
- Kingston upon Hull (£13,786)
- Kilmarnock (£13,958)
- Paisley (£13,968)
- Glenrothes (13,985)
- Grimsby (13,998)
- Blyth (£14,151)
- Leicester (£14,197)
- Hartlepool (£14,202)
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel