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Moving to Amsterdam as an expat? Amsterdam is not only the Netherlands' capital but also its most densely populated city. As a world famous city with canal buildings and tulips everywhere, Amsterdam welcomes expats with open arms.
The housing market in Amsterdam is so hectic and crazy that you must be a lucky one either to rent or to buy a property there. The prices have gone up big time over the years. Amsterdam is a very safe city and the best neighborhoods to live in are with in the ring highway road. The canals or canal belt as we call it is a UNESCO Heritage listed area, and of course many expats want to live there.
Renting property in Amsterdam:
If you want to be close to other expats, you will have a better chance of mingling with them if you choose a location that is dense with them.
If you have children and you want them to grow up with other expat kids, you should consider living in Amsterdam-Zuid. Here, you can find the British School, as well as the Amsterdam International Community School. Other great neighborhoods are: De Pijp (or The Pipe), Jordaan, Old West and The Rivierenbuurt. To find a rental apartment under 1500 euro per month you really have to search hard. It is best if you hire a housing agent for this assignment as for an expat it is a mission impossible. The average of a rental apartment is now at 1750 euro per month. Obviously, if you exceed the 200 euro barrier, more doors will open, more choice too. Always remember to hire a local real estate agent on your behalf as the Dutch laws are hard to comprehend, and so are the leases written in Dutch.
Buying property in Amsterdam and surrounding areas: Chances are, you aren’t fluent in Dutch, so you will have to hire a native and local real estate agent, which is called a “makelaar” in Dutch. They will help you find suitable properties and typically charge you 1 to 2% of the purchase price excluding 21 % v.a.t.
Once you have decided on the property to buy, you will have to get an appraisal. When that’s done, you can make an offer through your agent. In this competitive housing market, expect to get in bidding wars that go well over the asking price.
If you are successful, then the next step is to sign the pre-sale and provisional contracts. These are called “koopovereenkomst/koopakte” and “voorlopige koopovereenkomst”. Then, you will pick a notary (or “notaris”) to hold the contract for you and take a 10% deposit. During this time you hopefully have applied for a mortgage.
You can imagine this is a complicated process in this overheated real estate market in Amsterdam. Here at housing agent we have some Certified Expat Brokers listed, as well experienced real estate agents in Amsterdam to help you out. You can find relocation agents, mortgage advisors and notary's in this directory.
For either renting or buying property in Amsterdam make sure you have a local real estate professional at your side.
We cannot emphasize enough that using a local real estate agent is a must. Your search for a local real estate agency in Amsterdam that might even speak your language starts here on www.housingagent.nl