Skip to main content
BBC NEWS / SCOTLAND
Graphics VersionBBC Sport Home
News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
UK Contents:  England | Northern Ireland | Scotland | Wales | UK Politics | Education | Magazine

Sunday, 3 December 2006, 00:15 GMT

Property ladder 'a step too far'

Estate Agent Edinburgh is the most expensive place in Scotland for first-time home buyers, according to new research.

The figures suggested buyers in Edinburgh need to pay about five times their household income, compared with a Scottish average of 3.67.

The study said the average house price in Edinburgh was £185,651, compared with a Scottish average of £119,344.

However, the study also said Scotland as a whole was the most affordable part of Britain to live.

HIGHEST HOUSE PRICE / INCOME RATIOS


The Joseph Rowntree Foundation study said that across Britain the average price of a house was £165,326, with buyers paying an average of 4.36 of their income on a home.

The report's author, Professor Steve Wilcox of the Centre for Housing Policy at the University of York, said the report, entitled The Geography of Affordable and Unaffordable Housing, highlighted worsening levels of affordability across Britain.

"While overall Scotland remains the most affordable part of Great Britain, Edinburgh is among the least affordable areas, and affordability continues to worsen in Scotland as it does in the rest of Britain," he said.

Figures suggested that East Lothian and Midlothian were also expensive places to buy, with income ratios of 4.42 and 4.29 respectively.

LOWEST HOUSE PRICE / INCOME RATIOS


The lowest house price to income ratio was in the Shetland Isles (2.36).

The Joseph Rowntree Foundation study was based on an analysis of 2005 figures from the Survey of Mortgage Lenders.

It compared average house price to income ratio figures for working people aged 20-39 on properties with two or three bedrooms.



E-mail this to a friend
Related to this story:
Affordable home increase required (29 Nov 06 |  South of Scotland )
Social housing to plummet by 2020 (24 Nov 06 |  Scotland )
Warmer homes plan for poor areas (08 Nov 06 |  Tayside and Central )
Graduates face home ownership woe (06 Oct 06 |  Business )
Move to tackle housing problems (22 Sep 06 |  Tayside and Central )

RELATED INTERNET LINKS
Joseph Rowntree Foundation
University of York
The BBC is not responsible for the content of external internet sites



SEARCH BBC NEWS: 

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
UK Contents:  England | Northern Ireland | Scotland | Wales | UK Politics | Education | Magazine

NewsWatch | Notes | Contact us | About BBC News | Profiles | History

^ Back to top | BBC Sport Home | BBC Homepage | Contact us | Help | ©