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

Scottish towns and cities named the UK's fastest to save for a house deposit

Scottish towns and cities have been named among the best in the UK to save up for a house deposit.

The research, which was carried out by a major property developer, suggested that six Scottish locations were among the top 10 fastest to save up for a 10% deposit on a home.

The conclusions were made by looking at the median weekly pay and the median detached house price to find out how long it would take to save up.

The list included towns ranging from the north-east of Scotland to the south-west.

The National: Aberdeen was named the fastest city to save for a deposit in the UK (PA)Aberdeen was named the fastest city to save for a deposit in the UK (PA) (Image: PA)

Aberdeen named the fastest UK city to save up for a house deposit 

Aberdeen was found to be the best city in the UK to save up for a deposit with a wait of 2.5 years found for those looking to get on the property ladder.

The city, which is often affectionately known as the Granite City, is Scotland's third largest.

The median salary in Aberdeen was £621.30 a week, with the median detached house costing around £79,720.

Aberdeen was followed up by Dundee at 4.8 years to save up for a deposit and Edinburgh at 4.9 years.

The UK's 10 best towns and cities for saving up for a house deposit 

Here is the full list, which was compiled by Cala Homes:

1. Aberdeen 

Median weekly salary: £621.30 

Median detached house price: £79,720 

Years to save: 2.5 

2. Dundee 

Median weekly salary: £566.00 

Median detached house price: £141,260 

Years to save: 4.8 

3. Edinburgh 

Median weekly salary: £646.50 

Median detached house price: £163,920 

Years to save: 4.9 

4. Stirling 

Median weekly salary: £618.10 

Median detached house price: £161,650 

Years to save: 5.0 

5. Falkirk 

Median weekly salary: £605.60 

Median detached house price: £162,340 

Years to save: 5.2 

The National: Glasgow was also named the 7th fastest city to save up for a deposit (Getty)Glasgow was also named the 7th fastest city to save up for a deposit (Getty) (Image: Getty)

6. Belfast 

Median weekly salary: £573.40 

Median weekly salary: £155,140 

Years to save: 5.2 

7. Glasgow 

Median weekly salary: £616.80 

Median weekly salary: £183,270 

Years to save: 5.7 

8. Hartlepool 

Median weekly salary: £591.80 

Median weekly salary: £242,000 

Years to save: 7.9 

9. Doncaster 

Median weekly salary: £571.70 

Median weekly salary: £250,000 

Years to save: 8.4 

10. Bolsover 

Median weekly salary: £539.20 

Median weekly salary: £240,000 

Years to save: 8.6 

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
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.