You may have seen all over social media that house prices are trending after it was said that young people 'can easily afford their home if they just stop spending their money on Netflix'.
The comment was made by property expert Kirstie Allsopp who claims that getting on the property ladder is pretty simple.
In an interview with The Sunday Times, the Location, Location, Location TV presenter said she felt "enraged" that the younger generation claims they cannot afford a home.
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As a suggestion, Allsopp says that people should move back in with their parents.
It was later revealed that the 50-year-old bought her first property with family help at the age of 21 - a time where the average house price in the UK was about £51,000.
Today it stands at £254,822 - an increase of £203,822.
Another suggestion by the TV presenter was to move to another location completely regardless of family and a job.
Are you a first-time buyer trying to get on the property ladder? Have your say in the comments below.
The Times then stated that "the average deposit for a first-time buyer is £59,000, according to Halifax" and in order to save that, "you would need to forgo your Starbucks latte, Netflix subscription, gym membership and easyJet flights for 37 years."
That takes us to the year 2059.
People have not been happy with what Allsopp said with many calling her "out of touch" especially given the financial circumstances around the covid pandemic and rising living costs.
So what salary do you need to be on to buy your first home in Scotland?
A recent study carried out by Nationwide revealed that East Ayrshire is the most affordable place in the UK to buy your first home whilst the City of Edinburgh was the most expensive.
According to the building society, the price of a typical UK home hit record high of £254,822 - up nearly £24,000 over the year.
In addition, annual house price growth increased to 10.4%, from 10.0% in November.
Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said: "It appears likely that the housing market will slow next year, since the stamp duty holiday encouraged many to bring forward their house purchase in order to avoid additional tax.
"The omicron variant could reinforce the slowdown if it leads to a weaker labour market. Even if wider economic conditions remain resilient, higher interest rates are likely to exert a cooling influence. Indeed, house price growth has outpaced income growth by a significant margin over the past 18 months and, as a result, housing affordability is already less favourable than before the pandemic struck.
“However, the outlook remains extremely uncertain. The strength of the market surprised in 2021 and could do so again in the year ahead. The market still has significant momentum and shifts in housing preferences as a result of the pandemic could continue to support activity and price growth. Indeed, the omicron variant could serve to reinforce the shift in preferences in the near term."
Average house prices versus average gross annual earnings
Areas such as Aberdeenshire are said to be one of the worst with the average property price costing £147,334 whilst the average salary is said to be around £38,657, reports the Daily Record.
And whilst we know know our sister city Edinburgh is one of the worst coming in at £240,504 versus £41,044, we wanted to take a look at what Glasgow and the surrounding area was like.
Coming in at the top spot is Inverclyde with an average property price of £92,517 versus an average annual salary of £33,108.
Next is West Dunbartonshire with an average of £106,152 versus £36,374.
The figures between North and South Lanarkshire can also be clearly seen with an average price of £100,800 and £113,223 and an average salary of £34,398 and £36,962, respectively.
Next on the list is Renfrewshire coming in at the fifth spot with £114,246 versus £37,227.
East Renfrewshire has a significant jump with a property costing £184,558 and a salary of £50,679.
However City of Glasgow came in at seventh place whilst East Dunbartonshire came in at the top spot.
Glasgow City currently stands at £138,294 and £36,514 whilst East Dunbartonshire is said to be as high as £172,950 with an average salary of £45,490.
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