Best Place to Buy a House in Scotland

fevereiro 20, 2022 Postar um comentário

The top five near affordable towns in Scotland this year have been revealed, with the average houses price reaching under £65,000, according to new information.

New research by Zoopla, the Uk's well-nigh comprehensive property destination, has confirmed the most affordable towns and cities for buyers in the UK - along with what areas take seen the biggest improvements.

Towns in celebrated Ayrshire dominate the rankings, with Kilbirnie and Cumnock coming in first and second identify, with the average business firm prices in these areas £76,303 and £77,414 respectively.

Those on the hunt for a property in Stevenston, Irvine and Girvan will also benefit from some of the cheapest houses in Scotland.

Homes in the North Ayrshire boondocks of Stevenson are on average £106,771, while prices in Irvine are £87,478 and £88,587 in Girvan.

Kilbirnie comes in offset and second place, with the boilerplate house prices of £76,303

Scotland's affordability is linked to two key factors - strong earnings locally and more than reasonably priced property - with average house prices in all of these towns below £65,000.

In fact, the summit five virtually affordable towns in the whole of the Uk are all clustered around Scotland and the north-west of England.

To calculate which areas are the most affordable, Zoopla analysed house price-to-earnings ratios, based on a ii-earner household on the average salary for the local area.

It's good news for many buyers across Scotland, with affordability improving in pockets beyond all regions.

In fact, information revealed that Beith in North Ayrshire has had the biggest improvement, with house prices dropping by 9% to an average of £119,281.

1. Kilbirnie, North Ayrshire

Average house prices - £76,303

Gross annual household earnings - £61,859

Price to earnings ratio - 1.22

2. Cumnock, East Ayrshire

Average house prices - £77,414

Gross almanac household earnings - £62,338

Price to earnings ratio - ane.25

3. Stevenston, North Ayrshire

Boilerplate house prices - £106,771

Gross almanac household earnings - £62,338

Price to earnings ratio - 1.29

4. Irvine, Northward Ayrshire

Average house prices - £87,478

Gross almanac household earnings

Toll to earnings ratio - 1.40

five. Girvan, S Ayrshire

Average house prices - £88,587

Gross annual household earnings - £63,102

Toll to earnings ratio - one.40

Izabella Lubowiecka, Researcher at Zoopla, comments: "The North W and Scotland dominate the most affordable areas listing one time again this twelvemonth, with relatively modest pricing and stronger earnings in some areas making a home move more accessible for many.

"The data besides shows that for homemovers on average salaries, mortgages are also more affordable, especially if homeowners have built up some equity in their current property.

"These levels of affordability in some localities volition be welcome news for homeowners looking to motion into a larger abode especially equally the current lockdown restrictions outset to ease."