Buying a house in the Netherlands
What factors should I take into account before buying a house or apartment?
What other costs should I consider before buying a house in Netherlands?
What costs are involved in buying a house or apartment?
It pays to visit a bank or mortgage broker for free advice before you start considering buying property to get an idea of the total costs involved. In general, about 10% of the purchase price will be needed on top to pay for various taxes and fees:
- Hypotheekkosten (mortgage fee): around 1%
- Taxatierapporten (valuation/appraisal costs): if a mortgage is needed. Costs between 300-1,000 euros
- Makelaarkosten (real estate agent fees): not always involved but if it applies, costs vary between 1-2 percent of the price of the property
- Notariskosten: the notaris (notary) is needed to register the sale and the mortgage. It is usually between 1,000-3,000 euros
Note that the deposit on the property is 10% of the purchase price, paid six weeks after the purchase agreement has been signed. This may be replaced by a bank guarantee issued by a Dutch bank.