Many foreigners purchase homes in the country to increase their standard of living and reduce high rental prices. Do you want to buy a home of your own as well? The Dutch real estate market is competitive, and home prices are high, as you have undoubtedly previously heard. In Holland, buying a home is popular! What exactly is happening in the Netherlands’ housing market in 2022? For up-to-date details on the housing market and wise advice to increase your chances of buying a home, read this article.
The average price per square meter for a residence is between €3,400 and €9,500 in the city center and between €2,500 and €6,000 outside the city. A quality home costs roughly €2,500 to build, compared to the €2,000 average cost of renting one.
Dutch house prices in 2022: What to expect
According to Statista, the average cost of a residential home in the Netherlands in 2021 was €386,714. The cost of goods tends to rise every year. Above all else, the rising tendency is a result of cheap mortgage rates.
According to Statistics Netherlands (CBS), the Ukraine war, Covid-19 advancements, and spillover effects all contributed to a 13.5% increase in house prices in 2022.
The five largest Dutch cities—Utrecht, The Hague, Groningen, Rotterdam, and Amsterdam—will have a faster and more significant increase in real estate prices this year, according to a prediction by Rabobank.
As of March 2022, here are the average property prices in five Dutch cities:
| City | Average price |
| Amsterdam | €510,919 |
| Groningen | €241,080 |
| The Hague | €355,807 |
| Rotterdam | €307,358 |
| Utrecht | €405,791 |
Additional expenditures for Dutch prospective homeowners
You must pay the following fees in addition to the initial cost of renting or purchasing a home:
Transfer tax
In the country, you must pay the government 2% of the purchase price as property transfer tax when you buy a home. However, you are free from this requirement if:
- You are purchasing a newly constructed home
- Your first property costs less than €400,000 and you’re 18 and 35
Note
The law applies to their portion of the house if you are buying with a partner and only one of you is in the age range of 18 to 35
- To purchase the home, the investors must pay an 8% property transfer tax
- You’re buying from a seller who sold six months ago
Real estate agent fee
Engage a real estate agent to act as your representative and partner in your search for a home to purchase in the Netherlands. They can assist you with making offers, arranging property viewings, and settling the price.
The cost of a real estate agent might be anything from €2,500 and €4,000. This sum may be expressed as a percentage of the home’s worth, a set price, or both.
Technical inspection of buildings
Getting a structural survey is recommended to determine the state of your new home. A structural survey reveals any underlying structural flaws, lowering the likelihood of buying a house with concerns. The price of a structural survey is roughly €450.
Cost of the Transfer Act’s notary
When purchasing an existing home, this charge is due. It is a legal document that gives you ownership of the home instead of the seller. The total cost of the notary charge and mortgage deed ranges from €1,000 to €2,000.
Average house prices in Amsterdam
In Amsterdam, you may anticipate paying roughly €7,502 per square meter. The location will determine whether this value is higher or lower.
Although appealing, living in Amsterdam is relatively expensive, particularly for housing. Housing costs in this well-known Dutch city increased by 15% in 2021, and according to World Bank experts, they are expected to rise by roughly 12.5% in 2022.
The fact that fewer homes are being listed for sale in the city, creating more opportunity for competition among purchasers, is one factor contributing to this ongoing increase. In Amsterdam, for instance, there were only 979 houses up for sale in the final two months of 2021, which increased the average selling price.
