07 Feb 2019
Stirling has been named one of the UK’s most affordable cities for the sixth year in a row, according to new research.
Figures from the Bank of Scotland show the average property price in Stirling is now £192,326, only 4.4 times local average earnings.
The affordability of homes comes despite the average house prices there increasing by 41% from £136,036 in the last five years, faster than any other Scottish city.
At the same time the affordability of homes in Glasgow is said to have declined the most in the last half decade, from 4.5 to 5.5 times average earnings.
Stephen Simpson, Branch Manager of Aberdein Considine’s Stirling office, said, “For the sixth consecutive year, Stirling ranks top for affordability – good news for those looking to take their first step on to the property ladder.
“With a huge range of properties to choose from in and around the city, it’s vital any first-time buyer seeks financial advice in order to make the correct decisions."
As an estate agent, law firm and independent mortgage adviser, Aberdein Considine offer everything you need to buy your first home - all 'under one roof'.
Stirling's in house mortgage adviser, Stephen Marlin, has access to thousands of mortgage products across every lender to help you find the best possible deal - and in the overwhelming majority of cases, this service is provided free of charge.
If you would like to speak to Stephen or a member of his team about the buying your first home, click here.