Tips for Expats in the housing market
Tips for Expats in the housing market
What best to do?More about Expat Mortgages
The housing market in the Netherlands is a hot topic in 2023, with demand for both rental and owner-occupied properties remaining strong. The average price of a house in the Netherlands is currently around €320,000, and the average monthly rent for a one-bedroom apartment is around €800 to €1,100.
One factor contributing to the strong demand for housing in the Netherlands is the country's strong economy, which has attracted a large number of young professionals and students. The Netherlands is home to several universities and a thriving tech industry, which has helped drive demand for rental properties.
Another factor driving demand is the limited supply of housing in the Netherlands. While developers are building a large number of new houses and apartments to meet demand, the supply has not been able to keep pace with demand, which has contributed to rising prices.
The Dutch government has implemented a number of measures to help make housing more affordable, such as subsidies for first-time home buyers and incentives for developers to build more rental properties. However, the demand for housing remains strong, and the market is competitive. If you are considering buying or renting a property in the Netherlands, it is a good idea to be prepared to act quickly if you find a property that meets your needs.
Overall, the housing market in the Netherlands is stable, with prices generally rising slowly over time. However, like any market, there can be fluctuations, and it is always a good idea to do your research and carefully consider your options before making a purchase.
Click here for an overview of current mortgage interest rates in the Netherlands
- Research the market: It's important to have a good understanding of the local housing market before making a purchase. Look at comparable properties in the area to get a sense of what you can expect to pay.
- Get pre-approved for a mortgage: It's a good idea to get pre-approved for a mortgage before you start looking for a house. This will give you a better idea of your budget and help you narrow down your search.
- Hire a real estate agent: A real estate agent can help you find properties that meet your needs and negotiate the best price on your behalf.
- Get a home inspection: Before you finalize the purchase of a property, it's a good idea to get a home inspection to ensure that the property is in good condition.
- Consider the long-term: Think about your future plans and whether the property you are considering is a good fit for your needs.
- Don't rush into a purchase: It's important to take your time and carefully consider your options before making a decision.
- Don't overstretch your budget: It's important to stick to a budget that you can afford in the long-term.
- Don't forget about hidden costs: There are often hidden costs associated with buying a property, such as closing costs and fees for services like home inspections. Make sure to factor these costs into your budget.
- Don't neglect your due diligence: Make sure to do your research and fully understand the property and the surrounding area before making a purchase.
- Don't forget about maintenance: Owning a home requires ongoing maintenance, so be prepared for the ongoing costs associated with maintaining a property.
Housing and mortgage webinar for Expats
Overall, buying a house is a big step, and can be especially challenging when you're an expat and living abroad.
Hanno organizes a monthly webinar, where we will tell you all about the current status of the housing market in the Netherlands. Feel free to join this free and interactive webinar, and let us help you on your way.