Soaring rent prices push people to homeownership

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Agency & Services » Agency » Terms & Conditions » News Coverage » Photography » Video » Public Relations » Student Placements Deadline News Suite 6, Bonnington Bond, 2 Anderson Place, Edinburgh, EH6 5NP 0131 516 3433 [email protected] Related News All Animal News Community Consumer News Coronavirus News Court & Crime Pro Palestine protester at Edinburgh University attacked with box cutter in “hate crime” incident March 31, 2025 News New research reveals why Edinburgh buses are so slow March 31, 2025 Community Edinburgh Food Project appeals for donations to replace vital van March 31, 2025 News Soaring rent prices push people to homeownership March 31, 2025 Sport All Cup Competitions English football Hearts Hibs Fundraiser Edinburgh cyclist to attempt to break record to cycle distance of UK for Scottish refugee charity March 31, 2025 Sport Scottish Greens unanimously back sporting boycott of Israel March 18, 2025 Fundraiser Over £160,000 raised for Rangers fan and dad of three who was tragically killed in Istanbul March 11, 2025 News Study claims that ending Scottish football booze ban would be government “own goal” March 11, 2025 Entertainment All Comedy Festival Fringe Food and Drink News Entertainment Edinburgh to become home to Europe’s first museum dedicated entirely to Palestinian art March 28, 2025 Food and Drink Popular Edinburgh student club forced to close for a month following multiple license breaches March 27, 2025 Food and Drink New sports bar opens at spot of former Wetherspoons on Leith Walk March 27, 2025 Food and Drink Popular Edinburgh doughnut shop forced to close Morningside location after just eight months due to “rising costs” March 27, 2025 Business All Commercial Business Farming Finance Legal news Business Inspirational new head to lead top Edinburgh boys’ school March 31, 2025 Business Beloved Morningside shop closes down as councillor laments loss of another local high street business March 28, 2025 Finance Council launches emergency fund to support charities affected by EIJB cuts March 28, 2025 Local News Edinburgh Fringe encourages locals to tackle festival accommodation crisis by hosting an artist in their homes March 28, 2025 Property Get in Touch Contact Us Submit News Search News Soaring rent prices push people to homeownership News Research Property and Construction March 31, 2025 0 7 Share Facebook Twitter Pinterest WhatsApp Linkedin Tags First-time buyers Homeownership Property ladder Rising rents Wallyford More by Matthew Taylor Edinburgh charity creates new garden for local community Matthew Taylor - March 31, 2025 East Lothian unpaid carers to be supported with local projects Matthew Taylor - March 24, 2025 North Lanarkshire Council to issue fines for pavement parking Matthew Taylor - March 24, 2025 Soaring rent prices push people to homeownership HOMEOWNERSHIP is becoming the more attractive option for those looking to move into their first place due to rising rents . With demand for rental properties continuing to outstrip supply, rental valuations from local letting agents show that tenants now pay more monthly than homeowners with a mortgage. A CGI mockup from The Pines development shows what first-time buyers could get for their money Independent housebuilder Dandara’s latest release of two and three-bedroom homes at The Pines in Wallyford offers an opportunity to get onto the property ladder with mortgage repayments much lower than renting—potentially saving buyers £5,988 per year.

At Dandara’s The Pines development in Wallyford, homes like the two-bedroom Bressay and three-bedroom Lismore are available from £246,995 and £269,995, respectively. Mortgage repayments on some options start at around £915 per month. By contrast, comparable rental properties in the area command substantially higher monthly costs, with an average rent of £1,414, pushing many towards the security of homeownership instead.

Wallyford has seen a surge in interest from first-time buyers in recent years, mainly due to its affordability compared to Edinburgh and convenient transport links to the capital. With Wallyford train station within walking distance and direct services into Edinburgh in under 15 minutes, the location is proving to be a strong draw for professionals looking to balance city work with a more spacious and cost-effective lifestyle. Tony Williamson, sales director for Dandara East Scotland, said: “The tipping point between renting and buying has never been more apparent.

“First-time buyers are starting to realise that with the right support, homeownership isn’t just possible – it’s often the smarter financial move. “Renting may feel like the easier option in the short term, but it offers no long-term security or return on investment. “With demand growing in areas like Wallyford, buyers who step onto the ladder now are securing not just a home but a stake in a rising market.

“With builder incentives such as a 5% deposit contribution available, many are finding that the upfront costs of buying aren’t as high as they’d assumed.” The Pines is situated in an increasingly desirable part of East Lothian, benefiting from access to local amenities and the coastal lifestyle offered by nearby Musselburgh and surrounding beaches. For those looking to move away from the volatility of renting, the development presents an opportunity to secure a well-designed, energy-efficient home in a growing community.

For more information about the homes, visit here or call 0131 6082978. Related Tags First-time buyers Homeownership Property ladder Rising rents Wallyford Share Facebook Twitter Pinterest WhatsApp Linkedin Previous article Edinburgh charity creates new garden for local community Next article Edinburgh Food Project appeals for donations to replace vital van Related Stories Miller Homes to launch another Clydebank development February 3, 2025 Pix: Stuck In Basketball Hoop February 25, 2011 Firefighters called out to rescue girl who slam dunked herself February 24, 2011 Delivery driver runs into burning house to save man’s life December 15, 2010 News by Email Email Top Stories Business News Scottish News Top Sports News Sponsored post customers By continuing, you accept the privacy policy About Deadline News Suite 6, Bonnington Bond, 2 Anderson Place, Edinburgh EH6 5NP Tel: 0131 516 3433 Useful Links Agency Terms and Conditions Write for us – guest posting opportunities on Deadline News and more Sponsored Posts T&C News Coverage Photography Video Services Student placement programme Contact Us Change privacy settings Privacy settings history Revoke consents Social Facebook Linkedin Twitter Youtube.