Jordan Lane EH10, Edinburgh property. Find properties for sale in Jordan Lane EH10, Edinburgh - Nestoria (2024)

FAQs

Can Americans buy property in Edinburgh? ›

You can buy a property in Scotland as a US citizen, whether you plan to live there or not. This means you can buy a Scottish property as a vacation home, an investment or to live in at some point in the future if you want to.

However, if you want to move to Scotland from the USA for a longer term than 6 months or want to settle down in this country, then you need to hold a proper visa. There are different types of visas available to relocate to Scotland.

According to a major study by commercial property advisor Colliers, the Scottish capital came second as the best city for residential property investment in the UK — pipped to the post by Cambridge (London came fourth).

The average selling price of property in Edinburgh, the Lothians, Fife and the Borders was £284,624 during May-July 2024, which is almost exactly the same as the average seen in May-July 2023 (£284,167).

The most affordable area is EH52, which comprises Broxburn, Uphall and Winchburgh and is just over 10 miles to the west of the city and just north of Livingston. The average house price for first-time buyers in the area stands at £138,031, requiring a deposit of £18,634 and a household income of £29,849.

Yes, foreigners can buy property in Scotland. There are no specific legal restrictions that prevent non-residents from purchasing residential property. However, financing might be more challenging, so it's essential to consult with banks or mortgage brokers in advance.

There is no citizenship requirement to buying (and unlike in England, there is no extra property tax for overseas buyers) but owning a property in Scotland does not allow you to live here.

There are no legal restrictions on American expats buying property in the UK. Foreigners and non-residents can also get a mortgage in the UK. Americans with less than two years' residency in the UK and without a job may face more challenging conditions, including a bigger deposit to secure a UK property mortgage.

If you're buying a house in Scotland, some of these factors differ from the rest of the UK. The average property price in Scotland is £187,517. With a 10% deposit, mortgage fees, conveyancing, removals and LBTT, the cost of buying a house in Scotland is £22,242. This is cheaper than the UK average.

Can I buy a house in the UK as a non-resident? ›

There are no legal restrictions on buying a house in the UK from abroad, but there are a few things to be aware of before you start the process. You will be subject to more rigorous identification checks as a foreign national, so ensure you have all your documentation in order.