UK Housing Market: Surging Interest in Scottish Real Estate Despite Taxes
Despite the high tax burden, demand for Scottish property remains strong. Find out why investors are still flocking to the market.
Demand for property in Scotland has shown resilience in the face of high taxes, with the market remaining steady despite the financial implications for buyers. Analysis conducted by property firm DJ Alexander revealed that Scotland's property tax revenue has held steady over the past year, reaching a total of £623.1 million. A significant portion of this revenue, £194.5 million, was generated through the additional dwelling supplement (ADS) of 6%, which is levied on second homes and properties purchased by landlords and investors for rental purposes. Additionally, properties priced between £325,001 and £750,000 in Scotland are subject to a 10% Land and Buildings Transaction Tax rate.
The property market in Scotland has demonstrated resilience in the face of high taxes, with demand remaining steady despite the financial implications for buyers. The analysis from DJ Alexander highlights the stability of the market and the continued interest in property investment in Scotland.
UK Housing Market: Surging Interest in Scottish Real Estate Despite Taxes
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