Buying Your First Home in Netherlands

At the moment, we see a very tight housing market. It is difficult to find a rental property, but also to find a suitable home to buy. Because of new tax laws, many investors have decided to stop renting out properties.

Recently, we have seen more smaller apartments of 20 to 35 m² for sale. Most of these were previously rental properties that are now being split up and sold. If you are an expat without a family, these apartments might be an option. Most are located in the city centre, making them a good investment if you plan to sell after a few years. If you have a family, you will most likely be looking for a family home. Family homes are scarce but still available now and then.

What can help you improve your chances in this market?

• First: Make sure you have some savings. Preferably at least £30,000 to £40,000.
  • You will need some for the purchase costs, and you will likely need to offer above the asking price.
  • The valuation price is key for your mortgage. In most cases, the valuation price will be somewhere between the asking price and the final purchase price.
• Second: Be well-prepared regarding what you can offer. Have an initial meeting with a mortgage advisor so you know exactly what your budget range is.
• Third: Use a purchasing agent to improve your chances.