OFFPLAN NEWS

(04.06.2007 )
Scotland property Scotland: House prices hit property hopes

First-time buyers face steeply rising of ski property Scotland prices in Aberdeen
Rising house prices in Aberdeen are preventing essential workers such as nurses and firefighters getting on the property ladder, it has been claimed.
Housing charity Shelter Scotland is calling for more government funding to be made available for affordable homes.

New figures put the cost of the average home in Aberdeen at almost £172,000 - almost seven times the average salary in the city.

Shelter said this was out of reach for many, including first-time buyers.

The latest figures published by the Bank of Scotland show buyers could face monthly mortgage repayments of more than £1,000, before other bills and living costs are taken into consideration.

The worry is that as house prices continue to rise, prices at the bottom end of the market will rise too.

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