Buying a home in Shetland Islands
Scotland's northernmost islands, with strong energy and fishing economies.
Key areas: Lerwick, Scalloway, Brae
The local market
A small island market where the energy sector supports demand, but limited stock and remote surveys shape timelines.
Wherever you buy in Shetland Islands, the Scottish process is the same: most homes come with a Home Report, sales run through solicitors, and the purchase tax is LBTT rather than Stamp Duty. In competitive streets, expect “offers over” and budget for the gap between the valuation and the agreed price.
Work out your numbers for Shetland Islands
Before viewing in Lerwick or elsewhere in Shetland Islands, sense-check what you can afford and what the tax will be:
- Affordability calculator — your indicative borrowing range.
- Repayment calculator — estimated monthly cost.
- LBTT calculator — the Scottish purchase tax, including the Additional Dwelling Supplement.
Schemes that may help
Buyers across Islands can explore the Scottish Government’s home-buying schemes, which can reduce the deposit or amount you need to borrow. Availability and eligibility change over time, so confirm what is currently open before relying on a scheme.
This guide is general information about Shetland Islands, not regulated advice or a property valuation. Confirm figures with a qualified mortgage adviser.
Have a question about buying in Shetland Islands?
Ask Annah about local prices, LBTT and affordability for a specific Scottish property.
Ask Annah now