Scotland's house prices will fall further than in any other part of Britain, economists have predicted.
Property values in Scotland are expected to plunge by 15.7% from their peak last year until 2025, according to the Oxford Economics research consultancy.
House prices across Britain are forecast to drop by 12.5% on average.
Experts said Scotland's low wage growth was to blame.
Kerry Houston, associate director at Oxford Economics, told the Telegraph that wages are expected to grow more slowly north of the border, leaving buyers with less income to afford higher mortgage rates, which will have a knock-on effect on house prices.
She said Scotland is also expected to have slower population growth due to lower birth rates and net migration.
More reliant
Ms Houston added: "Scotland is more reliant on public services sectors, which aren't forecast to grow very fast.
"The key sectors that we forecast to drive growth will be the business services sectors and information and communications. Scotland has a smaller share of those sectors compared to the UK average, which is why its growth is weaker."
Kay Neufeld, head of thought leadership at the Centre for Economics and Business Research, another consultancy, said Scotland has been hit by a decline in the oil and gas sector, which has traditionally played a big role in the economy.
He said the "political instability" north of the border could also be playing a role in dampening economic growth and investment as the SNP pushes for a second independence referendum.
House prices in Scotland at the end of last year and early this year were already weaker than in the rest of the UK, which is feeding into the lower forecast, according to Oxford Economics. They have slipped by 1.5% from their peak so far.
Faisal Choudhry, head of residential research in Scotland at Savills estate agent, said mortgage rates are already proving to be unaffordable for many Scottish buyers and regulations are dampening demand from landlords.