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How to Buy a Property in the Netherlands as an Expat

March 15, 2023

If you're an expat living in the Netherlands, you may be wondering how to buy property here. Before you get started, there are a few things you should know before you start browsing property listings. In this blog post, we'll explain everything you need to know about buying a property in the Netherlands.

The Basics of Buying Property in the Netherlands

First things first, let's go over the basics of buying property in the Netherlands. The process is similar to other countries, but there are a few differences to keep in mind. Here's what you'll need to do:

Find a property you like and make an offer.

  1. Hire a civil-law notary to handle the legal aspects of the sale.
  2. Arrange financing for the property, either through a mortgage or savings.
  3. Sign the purchase agreement and pay a deposit.
  4. Close the sale and pay the remaining balance.
  5. Now, let's talk about step three - arranging financing for the property.

Financing a Property Purchase as an Expat

As an expat, you have a few options for financing your property purchase in the Netherlands. One option is to use your savings to buy the property outright. This is a good option if you have enough money saved up and don't want to deal with the hassle of getting a mortgage.

However, if you don't have enough savings to buy the property outright, you can also apply for a mortgage. In the past, it was more difficult for expats to get a mortgage in the Netherlands, but that's no longer the case. Many Dutch banks now offer mortgages to expats, and some even have special mortgage programs just for expats.

One such bank is bunq, a digital bank with an app that helps people manage their money. bunq offers an Easy Mortgage program that makes it easy for expats to get a mortgage in the Netherlands. With an Easy Mortgage, you can apply for a mortgage online, and the entire process is done in English. Plus, bunq offers competitive rates and flexible terms, making it a great option for expats who want to buy property in the Netherlands.

Other Things to Consider

While financing is a big part of buying a property in the Netherlands, there are other things to consider as well. For example, you'll need to make sure you have the proper residency permit and tax number before you can buy a property. You'll also need to be aware of the local housing market and understand the rules around renting out your property if you choose to do so.

Wrapping Up

So, can expats buy property in the Netherlands? The answer is yes, you can! With the right financing and a little bit of knowledge about the local housing market, buying a property in the Netherlands can be a great investment for expats. And with programs like bunq's Easy Mortgage, getting a mortgage as an expat has never been easier.

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