Aberdeen is the most cost-effective place in Britain to get on the property ladder while London is the best location for renting rather than buying, a property website has found.

Someone buying a property in Aberdeen with a 10% deposit can expect to be better off than if they had rented after just one year of home ownership, according to Zoopla.co.uk.

But in London, it would take a projected 18 years for someone with a 10% deposit to be better off financially compared with the situation if they had rented, the website calculated.

Zoopla also named Dundee, Glasgow, Cambridge, Edinburgh, Coventry, Newcastle and Manchester as the locations where buying a property is most likely to beat renting.

The buy-versus-rent index compares the costs associated with buying and renting to predict the length of time it could typically take for buying to become more cost-effective than renting across the largest towns and cities in Britain. Average asking prices for homes and rents in these areas were taken from Zoopla's website.

Here are the best locations for buying a property, with the average property asking price this month followed by the average rental asking price and the amount of money that Zoopla calculates a buyer with a 10% deposit would be better off by after seven years:

1. Aberdeen, £206,060, £1,275, £99,040

2. Dundee, £96,103, £653, £54,378

3. Glasgow, £139,841, £722, £40,971

4. Cambridge, £337,586, £1,334, £28,878

5. Edinburgh, £224,000, £948, £32,725

6. Coventry, £191,833, £849, £33,730

7. Newcastle, £180,516, £812, £33,726

8. Manchester, £178,069, £781, £29,751

9. Milton Keynes, £264,038, £1,066, £25,345

10. Birmingham, £163,594, £719, £27,171

Here are the best locations for renting a property, with the average property asking price this month followed by the average rental asking price and the amount of money that Zoopla calculates a buyer with a 10% deposit would be worse off by after seven years:

1. London, £896,124, £2,619, £82,412

2. Bournemouth, £380,206, £1,024, £49,082

3. Huddersfield, £177,119, £561, £7,680

4. Bedford, £288,598, £959, £7,306

5. Swansea, £185,373, £631, £20