Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The National (Scotland)
The National (Scotland)
National
Andrew Smart

Scotland's most affordable town for homebuyers revealed in new study

Cumnock in East Ayrshire has been named the most affordable town in Scotland for those looking to buy a home.

Zoopla analysed house value-to-earnings ratios (based on average two-earner household incomes) to find the most affordable locations across the UK.

The research found that towns like Shildon in County Durham and Ferndale in Wales were among the most affordable in the country.

Discussing the data Izabella Lubowiecka, a senior property researcher at Zoopla, said that London remains one of the least affordable places for homebuyers which has forced many to look elsewhere in order to get "value for money".

Otehr areas like Croydon were named among the most affordable in the UKOther areas like Dover were named among the most affordable in the UK (Image: Google Maps)

National Association of Estate Agents Propertymark president Toby Leek added that affordability remains a "real issue" for those looking to settle down, seeing many opt for smaller towns further from large cities.

He said this, coupled with the rise of remote working, has seen people look to cheaper places to get onto the housing ladder when searching for a more affordable "dream home.”


Recommended Reading: 

Award-winning Scottish hotel named one of the UK's top 'quaint and quirky' inns 

Why these 'magical' Scottish spots are among the best places to visit at Christmas

This 'fairytale' forest in Scotland has been named the best in Britain

Scottish city 'brimming with culture' named one of the best UK places to live


The most affordable towns in the UK for homebuyers

These are the most affordable towns in the UK for homebuyers alongside their average house values, estimated annual household incomes and their house value-to-earnings ratios.

  • East Midlands, Gainsborough, £170,000, £70,500, 2.4
  • East of England, Wisbech, £209,800, £70,900, 3.0
  • South East, Dover, £250,000, £79,300, 3.2
  • South West, Plymouth, £222,200, £68,300, 3.3
  • Wales, Ferndale, £101,600, £67,700, 1.5
  • West Midlands, Stoke-On-Trent, £139,200, £62,100, 2.2
  • Yorkshire and the Humber, Hull, £119,800, £62,200, 1.9
  • London, Croydon, £417,800, £84,800, 4.7
  • North East, Shildon, £73,200, £65,800, 1.1
  • North West, Workington, £123,700, £76,900, 1.6
  • Scotland, Cumnock, £80,300, £75,800, 1.1

Cumnock was the only Scottish town featured on the Zoopla list.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.