Homes for sale in Amsterdam, Netherlands - Buy Residential properties (2024)

FAQs

Is it worth buying property in Amsterdam? ›

Benefits of buying a home in the Netherlands

Interest-tax deductions. You can borrow 100% of the property's value. You have the freedom to renovate your home and make it feel like your home. You don't have to pay capital gains tax when selling a property.

Residency Permit in the Netherlands

Buying a house in the Netherlands without having a residence permit is not an issue. Unfortunately, it is true that you do not automatically get a residence permit when you buy a property in the Netherlands.

The Amsterdam housing market is very competitive. The median sale price of a home in Amsterdam was $200K last. The median sale price per square foot in Amsterdam is $109, down 8.0% since last year.…

So, to buy or not to buy a house in the Netherlands? If you want to purchase a property and you can afford it, you should. House prices move up and down, and the value of your house will probably increase slightly or stay the same in the near future. In the long term the value of your property will rise for sure.

There are no restrictions placed on foreigners and non-Dutch residents buying property.

In Amsterdam, the capital, the price of existing homes rose by 5.24% in Q1 2024 from a year earlier (2.08% inflation-adjusted), in sharp contrast to a y-o-y fall of 5.59% (-9.57% inflation-adjusted) seen in Q1 2023, according to Statistics Netherlands (CBS).

The process of real estate purchase in the Netherlands usually takes up to three months. You must keep in mind that the buyer generally pays costs but some of them are not are tax-deductible.

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.

These are the requirements for a permanent residence permit. You meet the general requirements that apply to everyone. You have had a valid Dutch residence permit for at least 5 consecutive years. There are exceptions to the 5-year period for permanent residency.

The average cost of living in Amsterdam is between €1,881 and €4,344 monthly. To get a better understading, here's an estimation of the average monthly cost of living in Amsterdam for: International Student (minus tuition fees): €1,881. Single person: €2,867.

Why are houses in Amsterdam so expensive? ›

There is simply more demand compared to supply. People are pushing. We see the number of viewings increasing, accompanied by high overbids. In general, prices in Amsterdam are still higher than in the rest of the Netherlands.

Too few homes are being built in the Netherlands

The recent rise in interest rates is making it more expensive to build, so fewer projects are getting off the ground. In addition, prices of construction materials have risen sharply, and building contractors are facing staff shortages.

The Netherlands has a high cost of living, which includes everything from accommodation, groceries, and services. On average, the cost of living in the Netherlands is 10.7% higher than in the UK. Owning a car is particularly expensive, with high road tax and expensive repair costs.

For a detached house, two-income households must earn the most, namely €124,000 annually. The average income in the Netherlands in 2023 was €44,000. This means that most people will not be able to get a mortgage for a house of the average sale price. Owning a home seems out of reach for most Dutch people.

In the Netherlands, both individuals and companies from foreign countries can own 100% of Dutch real estate. As an expat with your own capital, you don't need a residence permit to own property. However, if you want to finance a property with a mortgage, a residence permit might play an important role.

Owning and letting readily marketable property is a secure investment, as long as everything is arranged properly; Property can be sold at any time; Limited area, Amsterdam is a small city with high demand; Readily marketable properties are available for almost any budget, if necessary partly financed by a loan.

Foreigners can freely buy, sell and rent out real estate in the Netherlands. Statistics confirm the liquidity of investments: residential real estate prices grow every quarter by an average of 2,6%. Five years ago, an apartment of 100 m² cost an average of €293,000, and today it is sold for €467,000.

Relocating to the Amsterdam Area

It's easy for newcomers and expats to settle in, given the city's cosmopolitan spirit, rich cultural life and large international community – combined with a compact size to make getting around a breeze. Many consider Amsterdam one of the best places to live in the Netherlands.

Amsterdam's relatively high cost of living for foreigners can be attributed to factors like a strong economy, high demand for housing, and the city's popularity as a global hub.