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The Queen has many residences around the United Kingdom, some she owns outright and some that belong to the crown (or, in more technical terms, the state).
In an earlier post we explained that Buckingham Palace -- Her Majesty's official residence -- belongs to the crown and is neither government property nor the monarchy's private property. Other crown properties include Windsor Castle, Kensington Palace (Will and Kate's official London residence), Clarence House and the Palace of Holyroodhouse (Her Majesty's official Scottish residence).
Those residences that the Queens owns are Sandringham House and Balmoral Castle.
To paint a clearer picture of where these properties are located (and who resides in them), British financial resource site Quid Corner created a helpful infographic. Even on the grounds of Balmoral and Windsor Castles, members of the royal family have their own cottages.