Scotland's most expensive and cheapest postcodes to buy first house ranked in new list

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The most expensive and cheapest areas to buy a first home in Scotland have been named in a brand new study.

Scotland’s housing market is as hot as ever as demand soars with the eye-watering prices to match.

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First-time buyers are facing an ultra-competitive market and paying wild sums to score the keys to their dream home.

That said, prices do vary and a full list of the most affordable places for first-time buyers has been compiled by Nationwide Building Society.

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In a UK-wide ranking of least affordable local authorities, Edinburgh came in at number 10. Meanwhile, East Ayrshire was found to be the most affordable place to get on the property ladder across the UK.

The ranking relied on data from the Office of National Statistics, the Land Registry and the UK House Price Index from June 2021.

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Scotland's most expensive and cheapest postcodes to buy first house ranked in new list
© Getty Looking west along North Berwick beach, East Lothian, Scotland, UK.

The average house price in Scotland increased to £183,000 in 2021 – a jump of 11.4 percent to the year before, according to the newly updated UK House Price Index.

Kensington and Chelsea in London is the most expensive place in the UK as prices are 14.7 times average earnings.

In Edinburgh, first-time buyers are paying £240,504 on average – almost six times their earnings.

Of course, affordability varies as some areas in Scotland won’t demand quite as large a dent in your savings.

Nationwide found 16 percent of local authorities have become more affordable since 2016.

East Ayrshire was revealed to be the UK’s most affordable local authority where property prices for first-time buyers are just 2.4 times average earnings.

Aberdeen has seen the greatest improvement in affordability due to a 22 percent fall in prices from 2016 to 2021.

The ranking listed areas by a measurement dubbed the first-time buyer house price to earnings ratio (HPER).

Read on for the full list of affordable areas for first-time buyers in Scotland.

Full list of cheapest and expensive places to buy first house in Scotland

Local authorities listed with average price for first-time buyers with data from Nationwide Building Society

    City of Edinburgh- £240,504

    East Lothian – £199,669

    Midlothian- £174,638

    Perth and Kinross- £156,469

    Scottish Borders- £137,843

    Orkney Islands- £146,454

    Shetland Islands- £162,618

    West Lothian- £146,817

    Highland- £146,974

    Argyll and Bute- £121,739

    Aberdeenshire- £147,334

    East Dunbartonshire – £172,950

    Stirling – £161,070

    City of Glasgow – £138,294

    Dumfries and Galloway – £121,441

    Moray – £135,316

    Dundee City – £117,315

    East Renfrewshire – £184,558

    Angus – £122,437

    Falkirk – £117,048

    Aberdeen City – £120,859

    Fife- £119,912

    South Ayrshire – £114,936

    Clackmannanshire – £111,295

    Renfrewshire – £114,246

    South Lanarkshire – £113,223

    Eilean Siar – £110,530

    North Lanarkshire – £100,800

    West Dunbartonshire – £106,152

    Inverclyde – £92,517

    North Ayrshire – £91,096

    East Ayrshire – £83,255

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