There is a big discussion on whether to rent or buy in the Netherlands. There used to be a general rule-of-thumb that said if you were to reside in the Netherlands for more than five years and if you would be paying more than EURO 1,250 per month in rent, then a house was a worthwhile investment. While this is still generally true, there could be another of other variables that influence this rule.
It is also wise to first do some basic research into whether you are eligible for a mortgage and the sorts of mortgages available. The general basic requirements for a mortgage of up to four times your gross salary are: resident in the Netherlands for a period of more than five years, in permanent, full-time employment or self-employed and able to produce accounts (by a recognised accountant) for the past three years as well as a prognosis for the current year. These are general guidelines only as individual circumstances can vary and some mortgages can be arranged outside these guidelines.
There are numerous estate agencies or specialised websites in Amsterdam. For example you can try:
Agency fees are usually paid by the seller and average 2 - 3% on most residential sales.
A fee of 11.5% of the initial rent is typically charged for commercial leases.
For real estate sales transactions there is a .7% notary fee and a 6% transfer tax in addition to a 6% registration fee.
Very few, less than 15%, of real estate transactions involve agents.
Before getting a mortgage, you will need a valuation report which states the current value of the property. It is common to get a mortgage of up to 125% of the current value of the property. The execution value is the price the mortgage provider can get when your property has to be sold by them because the mortgage can't be paid anymore. There are many agencies that help with mortgages.
Click here for more information or refer to your bank for further assistance:
Property tax is charged annually by the local authorities in the Netherlands on ownership or use of property and is based on the market value of the property. Typical rates of property tax are generally between 0.1% and 0.3% for both the owner and the user of a property.