Buying and renting has become harder in recent times with property prices on the rise year on year.
The challenge for first-time buyers, combined with working from home, has resulted in the highest inflation since 2016 making it easy to see why getting on the property ladder - or moving up - just isn't that simple.
Despite Glasgow being named in the top five most searched-for places to live in the UK for the second year in a row, affordability is another thing altogether.
Latest statistics show that the average residential property price in Scotland has increased by 92% since 2003, according to Registers of Scotland’s Property Market Report for the year 2020 to 2021.
Looking into specific property types, flats sold for an average of £179,302 and terraced houses for £182,069.
Jennifer Henderson, Keeper of the Registers of Scotland, highlights that within the last year, the average price of a residential property in Scotland was £194,100 and that 26% of all residential properties sold were located within one of Scotland’s seven cities.
This takes the total value of the residential sales market to a whopping £18.5 billion through 2020-2021, while non-residential sales had a total market value of £2.8 billion.
The news comes after Scotland's house prices are said to have also soared by an average of £5,400 in just 12 months in a recent announcement by Zoopla, reports the Daily Record.
The estate-agent website says that the average price for property in Scotland stood at £216,934 this month (June 2021) - a rise of 1.35% since March 2021 and rise of 13.04% since June of last year.
Glasgow, Dundee and Edinburgh had the highest annual price growth in Scotland in the last year with Glasgow soaring by £3,728.
The volume of new build residential property sales in Scotland during the last year decreased by 26% due to the impact of covid restrictions when compared with to 2019-2020.
The pandemic also resulted in fewer transactions than expected with the latest statistics from RoS's report showing that the average price in 2020-21 was up by 6.7% on 2019-20 and up by 25% when compared with the pre-financial crash average price of £154,813 in 2007-08.
