8 steps to buying a house in the Netherlands
- 1) Find the right home.
- 2) Arrange a viewing and make an offer.
- 3) Sign a preliminary contract.
- 4) Finalise your mortgage.
- 5) Get a property valuation.
- 6) Organise a building survey.
- 7) Sign the contract at the notary.
- 8) Move in!
Contents
Can a foreigner buy a house in Netherlands?
Foreigners can purchase property in the Netherlands, whether they remain residents or live remotely. This means you do not have to sell your house if you return home or have to leave the country. You can rent it out for extra income instead.
How much deposit do you need to buy a house in Netherlands?
After signing the preliminary purchase contract (‘voorlopig koopcontract’), you’ll need to pay the seller a deposit of 10% of the purchase price of the property. If you don’t have enough savings, you can get a bank guarantee (‘bankgarantie’). In general this will cost you 1% of the amount of the guarantee.
How much do you need for a downpayment on a house in the Netherlands?
As a general rule, the cost of purchasing a property in the Netherlands will come to approximately 6% of the price of the house. This cost is not the same as the 10% down payment.
Can anyone buy a house in the Netherlands?
Advantages of using a property agent
You should also expect to sign a contract with your agent – and these are often exclusive. This means you may be charged the agent’s fee even if you find a property yourself or decide not to buy. Weighing up these factors, it may be that you want to deal with the owner directly.
Do you get residency if you buy property in Netherlands?
By investing in the Netherlands, you will receive a residence permit valid for 3 years.
How much is property tax in Netherlands?
Each municipality determines its own Dutch property tax rate; in general, this ranges between 0.1% and 0.3% of the property value.
Can an expat get a mortgage in Netherlands?
It’s easiest to apply for a mortgage in the Netherlands with a permanent contract.As an expat you can also get a Dutch mortgage when you’re self-employed, but it’s more difficult. You need at least three years of income history. The mortgage lender will use your net profit to calculate your maximum mortgage.
What is bank guarantee in Netherlands?
What is the Deposit Guarantee scheme? The deposit guarantee scheme protects deposits on your bank accounts with Dutch banks. If your bank goes bankrupt, DNB makes sure you get your money back, up to €100,000 per person and per bank.
How long does it take to buy a house in Netherlands?
Define the settlement period, usually between 30 to 60 days. Apply for a mortgage (see types of mortgages in the Netherlands). Source and submit all necessary documents to your mortgage provider.
What happens to mortgage when you sell Netherlands?
Yes, you can sell your home before the mortgage term ends. The bank wants you to repay the mortgage debt without future interest payments. There is no penalty involved if you sell a property in the Netherlands.When selling a home, the mortgage lender sends the notary a repayment invoice.
How many times your salary can you borrow Netherlands?
Finding out how much you can borrow
A first consultation is generally free. For any advice beyond that a mortgage advisor is legally required to charge a fee. Your maximum mortgage is generally either three to five times your gross annual income or 100% of the property value, depending on which is the lowest.
How long does mortgage approval Take Netherlands?
For a swift approval of your mortgage application we prefer to deliver all documents correct and at once to the mortgage provider. Once the mortgage provider receives the documents, it usually takes six business days before they are assessed.
| Money provider | Lead times |
|---|---|
| Attens | 8 workdays |
| Syntrus Achmea | 12 workdays |
Is it easy to buy a house in Netherlands?
Buying a Dutch house as an expat might seem challenging to you. It can be a complicated and stressful process, that probably differs from what you’re used to at home. And even worse: the housing market in 2021 is very competitive and the housing shortage is still growing.
How much does it cost to buy a property in the Netherlands?
What is the average price of residential property in the Netherlands? In the first quarter of 2021, a single-family home cost approximately 395,000 euros. There were large differences between the Dutch provinces, however.
Is it a good time to buy a house in the Netherlands?
Whilst the Netherlands is technically a ‘seller’s market’, now might still be a good time to buy real estate: Prices may be going up. However, they still remain under what they were when they were at their peak.A number of the costs related to financing a house in the Netherlands are tax-deductible.
How much is tax in Netherlands?
Box 1 tax rates for 2021
| Annual taxable income (gross) | Total rate |
|---|---|
| € 0 – 35.130 | 19,20% |
| € 35.130 – 68.508 | 37,10% |
| € 68.508+ | 49,50% |
Does Netherlands have a golden visa program?
The Netherlands Golden Visa scheme was initiated by the Dutch government, aiming to attract venture capital funding into small Dutch business startups. In exchange for an investment, the main applicant and family members can receive a permit in the Netherlands, followed by citizenship after five years.
How can I avoid tax in Netherlands?
If you own property in another country, you can usually avoid paying tax on it through the double taxation deduction.
1 Personal deductions
- Charitable donations.
- Study expenses.
- Healthcare costs (if not covered by insurance)
- Alimony payments.
- Life annuity payments.
Is healthcare free in Netherlands?
Your Dutch health insurance policy entitles you to free medical treatment in the Netherlands, including standard prescriptions. Public health insurance does not cover some treatment, such as dental treatment and physiotherapy. However, you will need a private insurance policy.
What is a good salary in the Netherlands?
According to the Centraal Planbureau (CPB), in 2021 the median gross income for a person working in the Netherlands is 36.500 euros annually or 2.816 euros gross per month. A salary can vary greatly from the median income as it is influenced by age, sector, professional experience and hours worked.
