Buying a property in the Netherlands
The Netherlands (this is the name of the country that we often call “Holland”) has long been experiencing a tourist boom. This country fascinates with its sophistication, attracts with unconventionality and chic, worthy of prim European. The ancient city of Amsterdam noticeably wins compared to other European capitals due to the preservation of its unusual color and calm measured life of the population.
The Netherlands is happy to open its arms to potential buyers of real estate in the country, offering attractive tax conditions. Perhaps these are the most favorable conditions on a pan-European background. The tax rate on property is only 6% – this is incomparable with the conditions of such countries as Spain, France, Italy, where the buyer of real estate is forced to pay from 7 to 9% of the total value of the acquired property.
Choosing a property in a different price category, in any case, you will not be left without profit. There is high demand in this segment. Amsterdam is a relatively small city. In the country, especially in the capital, every piece of land counts. In the city itself, houses are very close to each other. Of course, outside the metropolis, everything is different – here you can buy a house with a fairly good plot of medium-sized land.
You need to understand that the highest prices for the purchase of housing in major cities of the Netherlands – in the capital Amsterdam and in Rotterdam. With an average minimum cost of housing in the country of 50-65 thousand € per apartment, in these cities, the cost increases by half, and sometimes by 70%. In small cities, on the contrary, prices are lower than the national average by 10-15%.
In the Netherlands, they are quite kind to renting out housing. Such kind of income in the country is taxed fairly low (0.8–1.61% depending on annual income). Russia, by contrast, in this area maintains a tough position and obliges to pay a tax of 13% of income. Finding those who want to rent a house is not difficult. Moreover, you will be guaranteed stability and order. It is important to consider that in the Netherlands it is customary to increase rental fees every year. And you won’t surprise anyone with an increase of 7% per year.
Buying a property in the Netherlands
In addition, given the constant increase in property prices in the Netherlands, you can significantly benefit from such an investment, providing an increase in your capital to cover inflation.
If you decide on this, be prepared for the problem of finding realtors. For people who speak one of the most common languages (German or English), it will be easy to find an agency directly in the Netherlands. So you save on the services of intermediaries, which are represented by a huge number of Russian companies specializing in foreign real estate.
Speaking about the money that will need to be additionally paid for the services of intermediary firms, we give a small list of tariffs:
It will be necessary to pay the realtor 2% of the cost of housing and an additional 1% if the payment is made on credit, as this increases the labor of the realtor to collect documentation.
When calculating the costs, do not forget to include the tax, which we have already talked about. It is 6% of the price of housing. In addition, you should use the services of a notary to conclude a transaction. Payment of his work will average 1%.
This is a complete list. Any additional costs are provided for each specific case. Mandatory property tax of 0.3%, and home insurance (0.16% per year). As for utility bills, they are significantly higher than Russian prices. This is justified by the lack of its own energy carriers in the country and the need to purchase them in other countries, in Russia, for example. That is why it is better to preliminarily clarify the tariffs for gas, electricity, water and sewage in those places where you plan to purchase housing.
Now you can seriously search for housing. It is convenient when a person has a favorite place where you can easily spend weekends or holidays without fear of lack of places in hotels. In addition, having a property in the Netherlands, you can count on the benefits of obtaining a visa and without the hassle of becoming an owner of a reusable Schengen to visit the country. This is very convenient – after all, taking a car, you can go all over Europe.