30 Sep 2019
The Halifax has revealed that Stirling is one of the most affordable local authority areas in the UK for people taking their first step on the property ladder.
The new data states the average house price in Stirling is £150,743, with a house price ratio of 3.3. Although, Aberdein Considine's Property Monitor shows the average price currently sits at £192,580.
East Ayrshire appeared top of the table, with an average price of £91,287, and other districts north of the border to make the list were North Ayrshire, Inverclyde and South Ayrshire.
New data from Halifax also reveals there were more than 170,000 first-time buyers from January to June this year. There were just over 15,000 new homeowners in Scotland in the period.
The average deposit for those buying their first home in the UK is now £41,099, and the figure for Scotland is £27,701.
The typical price for a first-time home in the UK is now £224,709, with the Scottish figure being £147,726.
Russell Galley, managing director of Halifax, said: "While increasing numbers of first-time buyers is good news for the housing market and they are not far off the peak of the last boom which was just under 190,000 in 2006 - it's saving enough to get a foot in the door that's still the biggest blocker."
Are you thinking of taking your first step on to the property ladder?
Then don't miss Aberdein Considine's First-Time Buyer Open Day in the heart of Stirling's city centre.
Each person who attends will be entered into a draw to win their purchase legal fees back.*
At the free event, lawyers, mortgage advisers and property experts will be on hand to answer any questions you have over a cup of coffee.
*excludes outlays. One person will be selected from a draw to have their conveyancing legal fee covered in full. The draw will take place on Friday 1st November.