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Insider UK
Insider UK
Business
Lauren Gilmour & Peter A Walker

Number of first time buyers in Scotland falls by 30%

The number of first time home buyers in Scotland has fallen by almost 30% in the last year, figures from the Bank of Scotland have shown.

Its homeowner review showed that in the first half of 2023 there were 10,488 first-time buyers in Scotland, compared to 14,850 – a decrease of 29%.

It is the lowest figure since 2020, when there were 9,600 in the first half of the year, due to the pandemic.

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