Property in Scotland likes to buy both foreigners and Brits. Prices here are much lower than in England, this fact attracts numerous businessmen. The average value of the property in Scotland is about 225 thousand pounds sterling. Today the Scottish real estate market is rich and diverse in offers, from modest and inexpensive apartments, to rich and respectable mansions. You will be able to pick up a cottage in Scotland suitable for your financial possibilities, as the country has real estate of various price categories.

In Scotland, there are no restrictions on buying real estate by foreigners. If the purchased property costs more than 60 thousand pounds sterling, the buyer must pay stamp duty, which is 1% of the value of the object under the contract. For state registration of the bargain, you must pay a duty, which is 11 pounds sterling from every 5 thousand paid for the object. One of the main features of the real estate market in Scotland is that since 2009, the owner of real estate, who wants to sell it, according to the law, undertakes to order an analysis of the sold object. It’s very useful information for future byers.

Nowadays, buying a house in Scotland can be more than 7% cheaper than renting it, as shown by recent surveys of the Bank of Scotland. The average monthly mortgage expense connected with the purchase of a cottage with three rooms, for example, was 505 pounds sterling, and the monthly rent for a similar house could be about 545 pounds sterling, which, as you can see, is 7.4% more. According to the example, we can be sure that Scotland belongs to the region of Great Britain, where it is much more profitable to purchase residential real estate than to rent it.

The tax on real estate in Scotland is about 1-2 thousand pounds sterling. Also, it was said about stamp duty, which directly depends on the value of the acquired property. For a property worth 250-409 thousand dollars, such a fee will be 1%, at a cost of 409-818 thousand dollars — 3%, and if the object price exceeds 818 thousand dollars, be prepared to pay 4% of stamp duty. For the maintenance property in Scotland, you have to pay approximately 8,710 pounds sterling annually, which is almost 1.5 times less than in London itself.
found on the website www.domaza.co.uk/cottages_in_scotland/