Orkney Real Estate ... 
If you plan to rent or buy an apartment or house in Orkney, finding your property will be a major step in your relocation to Orkney. If you have not lived in Orkney, you should rent rather than buy your apartment in Orkney
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Orkney Real Estate Calculator
Finding a Home In Orkney
If you plan to rent or buy a property in Orkney, finding your property will be a major step in your relocation to Orkney. If you have not lived in Orkney, you should rent rather than buy your property in Orkney, at least for six months. If you would like to rent or buy a real-estate property in Orkney you may email us at webmaster@united-kingdom-travel-guide.de with your real-estate questions.


It is the best way to know not only if Orkney is the place you want to live or retire for the next few years, but also if Orkney is suited for you.

Apartments & Houses in Orkney
If you are planning on living in Orkney, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don’t count on real-estate agents in Orkney to point out the negatives of a place they’re trying to rent or sell you.

Orkney Agencies
Real-estate agencies in Orkney advertise in local Orkney newspapers and as well on their office windows.

You should be able to notice a real estate agency in Orkney by the window full of ads for the different apartments or houses they have available for rent or sell in Orkney.

Before you begin working with an agency in Orkney, check that their fees are acceptable and that they are a member of the Orkney Real-estate Assocation. In most rental agreements in Orkney most agencies charge a month’s rent for a twelve-month rental agreement.

When selling a property in Orkney, real-estate agents in Orkney usually charge between 2.5% and 3% of the final sales price.
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Orkney plus government income tax rate:  %
Interest rate you expect to earn on savings in Orkney:  %
Expected percentage your Orkney home will appreciate by each year:  %
Number of years you will stay in Orkney:#
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Total estimated cost of renting a property in Orkney:GBP
Total estimated cost of buying a property in Orkney:GBP
After coming to an agreement on a rental or purchase, both parties in Orkney sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Orkney with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Orkney will be affixed to the agreement.

Renting
Real estate agencies in Orkney are the safest way if you want to rent or buy a property in Orkney. Please make sure they are a licensed agent in Orkney and very familiar with the Orkney property market.

Local newspapers in Orkney also advertise apartments and houses for rent, but word of mouth is the best way in Orkney. If you are currently an academic in Orkney, you could check local at local universities in Orkney, where apartments or rooms for rent are commonly posted.

In general rental rates in Orkney, increase by a small percentage each year in accordance with the government’s annual cost of living reports in Orkney. You can find yearly leases in Orkney, and more short-term housing is available near academic institutes or around tourism areas within Orkney.

Short-term tourist housing in Orkney is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Orkney.

If you want to buy a property in Orkney, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Orkney to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Orkney.

If you are buying a brand new property, you’ll need to pay property tax in Orkney. If your purchase is a luxury property, you may have to pay local taxes in Orkney and possible stamp duty.

Even as a non-resident homeowner in Orkney, you may become liable for all kind of taxes in Orkney, including income tax.

Orkney Mortgages
If you plan to take a mortgage in Orkney you need at least a 20% downpayment of the purchase price of the property in Orkney. Even if you generate rental-income from renting your Orkney property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Orkney Real Estate calculator will help you to compare the costs of renting a house or condo in Orkney to the costs of buying a house or condo in Orkney. Since there are all kinds of forces at work behind the scenes such as the current interest in Orkney, Orkney property taxes, tax savings, appreciation in general to investments in Orkney, comparing the cost of renting to the cost of buying in Orkney is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Orkney Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Orkney.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Orkney

  • Orkney Multi-Family
    Traditional, multi-family residential complexes located in Orkney and suburban markets of Orkney.


  • Orkney Mixed-Use
    Properties in Orkney that integrate and combine residential with different uses, including retail and office spaces.

  • Orkney Office
    Traditional office or office type properties in Orkney.


  • Orkney Retail
    Properties in Orkney with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Orkney.


  • Orkney Light Industrial
    Single- or multi-tenanted spaces in Orkney used for warehouse, manufacturing, distribution, or research and development in Orkney.

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