According to recent research, Scottish homebuyers must pay exorbitant deposits and housing prices.

While affordability can vary depending on where you reside, according to research by the Bank of Scotland, prices rose nationwide last year.

West Dunbartonshire and Inverclyde were among Scotland's most cost-effective regions, while East Lothian and Aberdeen City were judged to be the most expensive.

The staggering £189,428 average price of a home in 2017 may have contributed to the 11 percent decline in first-time buyers that followed 2021's record high. Despite this, the majority of mortgages go to people who are purchasing their first home.

First-time homebuyers in Scotland faced an average deposit requirement of 22 percent, or £41,442, in 2022.

In 2021, the average price of a home was £173,970, a nine percent increase. Unfortunately, deposits have also increased, from an average of 38,468 in 2021 to 41,442 in 2022, a gain of 8%.

The study also found that buyers in Scotland are 31 years old on average when they enter the housing market.

It was discovered that some areas, however, benefited from lower housing costs and an average salary in the area, which would make it a little bit simpler for people to get on the housing ladder.

West Dunbartonshire was discovered to be the most affordable region for first-time buyers in Scotland and the United Kingdom.

The average first-time buyer house price in the area is £103,957, according to a comparison by the Bank of Scotland between average earnings of £37,910 and that figure.

They discovered that those just starting out on the property ladder need to borrow about 2.7 times the typical earnings to do so.