11 yr wait to buy a house

First-time buyers in Scotland face an 11-year struggle to break into the property market, with many more frozen out by low wages and high house prices, according to new research.
On average, Scots trying to get on to the property ladder will have to find a £21,000 deposit for their starter home, according to the Halifax. It means at least a decade of scrimping and saving to get a foot on the ladder. Someone earning the average Scottish wage of £25,350 and saving one-tenth of their take-home pay would need more than a decade to amass the down payment, while still paying rent.Overall, the average house price paid by a first-time buyer in the UK has more than doubled over the past decade, increasing by 102% from £68,644 in 2000 to £138,682 in 2010 – equivalent to a weekly increase of £135. With such high demands made of those looking to buy, the average age of a first-time buyer in 2010 was 29. But it estimated that the average age of first-time buyers without financial assistance, such as a parental loan, had increased from 33 in 2007 to 36 now.
While the average-earning Scottish buyer will take 11 years to amass a deposit, a typical buyer elsewhere in the country would take nearer 15 years if they saved at the same rate.