is an environmentally conscious
country with a very pleasant atmosphere. You will find a mix of old and
new architecture and an affinity to bicycle transport, enjoyed on mainly
level terrain. Main language is
Dutch with German, French and English
also widely spoken
The Netherlands, as
the name indicates, is low-lying territory, with one-quarter of the
country at or below sea level. Many areas are protected from flooding by
dykes and sea walls. Much land has been reclaimed from the sea, the
Flevoland polder being the most recent example.
in the Netherlands predominantly consists of food processing, chemicals,
petroleum refining as well as electrical and electronic machinery. It
has a dynamic agricultural sector and is well known for its plants and
cut flowers. The port of
Rotterdam is the busiest in Europe, serving a
vast hinterland which stretches into Germany and central Europe.
There are no restrictions on foreign ownership.
the EU including links to
Netherlands government sites and Tourist
Getting a mortgage:
Before you start looking for a property, you should get an indication of
whether you can actually raise a mortgage and if so how much.
principle you should not have too much difficulty in raising up to 5
times your gross salary as a mortgage so long as:-
You have lived in the
Netherlands for at
least 5 years.
You are in permanent employment (i.e. you
are not a contractor on short term contracts)
Or (if self employed) you can produce a
minimum of 3 years accounts (prepared by a
accountant) detailing your taxable earnings over the period as well as a
prognosis of your expectations for the current year.
You have a valid residency permit.
When you find a suitable freehold property in the
Netherlands a purchase
agreement should be drawn up binding both parties to the property
purchase. A notary will often be used for this. The sale is transferred
under separate contract by an official notary who will conduct searches
at land registry and register new ownership.
is considered advisable to use a
solicitor/lawyer or a notary to draw up
initial contracts and liaise with the official
notary when buying property in the
Costs and Fees:
Legal transfer costs should amount to a tax of 6% of the properties
market value or purchase price, collected by the notary on completion
and this can also apply to property stock holdings.
Notary fees will be around 1.5% and will incur V.A.T on top at the
current rate of 17.5%.
Estate Agent fees will vary between 1.5-2.5%.
When V.A.T has been charged on newly constructed property, registration
duty is not always due.
Annual Local Tax:
Property tax is charged annually by local authorities in the
Netherlands. This local tax is charged on ownership or use of property
and is based on the market value or square footage of the property.
These taxes vary between districts and will normally be reviewed after
five years. Some other small local service charges exist.
Dutch banks and mortgage providers will normally allow you to borrow up
to 80-85% of the buying price and life mortgages and savings mortgages
are the most popular types of mortgage in the
rates would be higher for any loans above the normal the normal
It can also be beneficial to use off shore companies and property
shareholding investment can have capital gains advantages. For more
information on buying property in the
Netherlands, please visit the
Netherlands Governments website: