How to buy a flat in the Netherlands: a step-by-step guide for Russians

The Netherlands attracts people from all over the world with its interesting cities, high quality of life and well-thought-out infrastructure. From vibrant Amsterdam to tranquil Utrecht, there is something for everyone.

In this article we will look in detail at the best cities in the Netherlands for living and find out in which of them you should buy property.

Amsterdam is a dynamic capital city with an outlook

The capital city of Amsterdam is renowned for its developed infrastructure, cultural opportunities and stable property market. The city offers the best standard of living, making it an ideal location in the Netherlands. Amsterdam is also the country’s largest economic and cultural centre with many opportunities for work and career development. Key advantages include an excellent transport network, including an extensive system of trams and cycle paths.

Transport Infrastructure:

1. Trams and buses run every 10-15 minutes.
2. A developed network of bicycle paths with a length of more than 500 kilometres.
3. A train system that allows you to reach other cities in less than an hour.

Taxes and utilities:

1. Property tax is about 0.05% of the value.
2. Utility bills – on average 150-200 euros per month, including water, electricity and gas.

Cost of living and property prices

The cost of living in Amsterdam is higher than in other Dutch cities, but it is compensated by the convenience and high quality of services. The average price of a flat in Amsterdam is about 5000-6000 euros per square metre, depending on the area. The closer to the centre, the higher the price, but investing in Amsterdam real estate remains a profitable and promising option.

Property prices:

1. In central areas: from 6000 euros/m².
2. In neighbourhoods on the outskirts: from 4500 euros/m².
3. Average rent per flat: 1500-2000 euros per month.

Additional Costs:

1. Property purchase tax: 2% of the property value.
2. Legal services and formalisation: about 2000-3000 euros.

Areas of greatest interest to the Russian-speaking community

For the Russian-speaking population, Amsterdam also offers plenty of amenities and attractive neighbourhoods. One of the most popular is Zeiderham, where there are internationally orientated schools and many cultural facilities. This makes Amsterdam the best city in the Netherlands to live in with a large Russian community where Russian speakers can feel at home. Also popular are the neighbourhoods of De Pape and Oosterdok, offering a combination of tranquillity and affordability.

Rotterdam – an innovation centre with affordable housing

Rotterdam is considered an ideal place for young professionals and entrepreneurs due to its cosy atmosphere and affordable housing. The city is actively developing and attracts people from different countries. The largest port in Europe is located here, which contributes to the development of logistics and maritime business. Young professionals choose Rotterdam as the best city in the Netherlands to live for work due to the many start-ups and favourable conditions for career development.

Jobs and Careers:

1. Port and logistics companies are actively hiring.
2. The IT and startup sector is growing rapidly.
3. Support programmes for young entrepreneurs, including subsidies and grants.

Housing costs and investment prospects

One of the main advantages of Rotterdam is affordability. The average cost of property here is lower than in Amsterdam and ranges between 3000-4000 euros per square metre. A great place for those who want to start investing in property. The Netherlands’ best cities to live in with affordable housing offer great opportunities to buy a flat for the future, and Rotterdam is definitely on the list.

Property prices:

1. Flats in the centre: from 3500 euro/m².
2. On the outskirts: around 3000 euros/m².
3. House rent: 1000-1500 euros per month.

Investment Opportunities:

1. Projected property value growth: 5-7% per year.
2. High rental demand among students and young professionals.

Developed infrastructure and social life

Rotterdam is known for its cultural diversity and active social life. Numerous museums, festivals and exhibitions make the city attractive to people of all ages. The metropolis is also characterised by a well-developed environment: the transport system is clear and modern residential complexes include everything you need for a comfortable life. This makes Rotterdam the best city in the Netherlands to live in, with a well-developed infrastructure where there is something for everyone.

Utrecht – cosiness and tranquillity in the heart of the Netherlands

Utrecht is located in the heart of the country and is considered a great place for family life and for those who want to enjoy a peaceful retirement. One of the best cities in the Netherlands for retirement living, it is cosy, with plenty of parks and a beautiful historical centre where life flows at a leisurely pace. Here you can find many places for recreation and walks, as well as take advantage of quality medical services.

Security and crime rates

Utrecht has one of the lowest crime rates in the Netherlands. The city administration actively takes care of the safety of residents by installing CCTV cameras and developing police liaison systems. Everyone can feel comfortable walking the streets here, even at late hours.

Safety Measures:

1. CCTV cameras have been installed in most public places.
2. Active engagement programmes with local police stations.
3. Neighbourhood watch programmes and community support.

Social and cultural life

Utrecht is famous for its cultural events and festivals that take place here throughout the year. Many museums, theatres and cafés make the metropolis a truly attractive city in the Netherlands for those who appreciate cultural and social life. The beautiful canals and old architecture create an atmosphere of tranquillity and cosiness.

Conclusion

The Netherlands is a country with a rich selection of cities, each offering a unique living environment. Therefore, before making a choice, it is important to carefully weigh all factors and find the place that best suits your needs.

Mortgages in the Netherlands for foreigners have long ceased to be an exception. Financial institutions of the country regularly approve applications from non-residents, especially in Amsterdam, Rotterdam and other cities with an active business and educational environment. The reason is obvious – stable market, transparent mechanisms, fixed rates, high trust in borrowers. The government supports foreign capital, as it stimulates the economy and promotes the growth of investment activity. Banks not only approve transactions, but also adapt mortgage products to the international audience.

Mortgage eligibility: who can apply

Mortgages in the Netherlands for foreigners are available to citizens of EU and non-EU countries. The main condition is stable income and legal residence in the country. The presence of a residence permit speeds up the procedure, but is not mandatory.

A foreign borrower is eligible for a mortgage if:

• is officially employed in a company registered in the EU;

• receives income in euros or another stable currency;

• is registering property in the Netherlands in his own name;

• proves income by documenting 12-24 months of income;

• goes through a standard bank check.

Lack of citizenship does not reduce the chances if the basic requirements are met. It is important to understand: banks do not evaluate passports, but solvency, transparency of income and the purpose of the transaction.

Property loan in the Netherlands: types and terms

Financial organisations offer different formats. Mortgages in the Netherlands for foreigners include annuity and linear schemes. The first one implies fixed monthly payments, the second one – the amount decreases every year.

Terms:

• the standard period is 30 years;

• the average amount is between €150,000 and €500,000;

• minimum down payment – 10-20 %;

• possibility of early repayment – without penalties (within the limit).

The loan is most often issued for housing, and less often for commercial properties. At the same time, banks are willing to consider requests from freelancers, entrepreneurs, IT specialists and remote workers if regular income is confirmed.

Mortgage conditions in the Netherlands for foreigners: what influences the decision

Financial authorities consider several parameters at the same time. The level of risk is assessed through three key criteria: income, debt load and collateral.

Calculation formula:

• the permissible mortgage burden is not higher than 30-35% of net income;

• minimum rate – for income above 50,000 euros per year;

• коэффициент оценки объекта — 100 % рыночной стоимости;

• amortisation – compulsory from the first month.

The DTI (debt-to-income ratio) plays a crucial role. If debts on other loans exceed 10-15% of income, approval is questionable.

Documents for mortgage: preparation and verification

The paperwork package determines the speed and the outcome. To speed up the procedure, the borrower should collect the following documents for the mortgage:

1. Passport or residence permit.

2. Employer contract (or business statement).

3. A 12-month income statement.

4. Bank statement.

5. Tax Returns.

6. Proof of funds available for a down payment.

7. Contract for the purchase of the property.

8. Facility Assessment Report.

Financial advisors recommend having documents translated into English or Dutch and notarised. This speeds up bank due diligence and reduces the number of clarifying enquiries.

Mortgage interest rates in the Netherlands for foreigners: current figures

The rates are determined depending on the term, form of the loan and the borrower’s rating. Mortgage in the Netherlands for foreigners is formed according to the same principles as for citizens of the country.

Range of rates:

• fixed rates – from 3.1% to 4.5%;

• variable rates – from 2.8 per cent, but with upside risk;

• Hybrid schemes – combined 5-10 years ahead.

It is more favourable to choose fixed rates for 10-20 years, especially in times of market volatility. Some banks offer rates below 3 per cent if the customer deposits more than 30 per cent of the transaction amount.

Mandatory expenses: taxation and related charges

Mortgages in the Netherlands for foreigners are not limited to principal and interest payments. When buying a property, there are additional obligations that affect the final cost of ownership.

The financial burden is made up of:

• registration tax – 2% of the value of the object;

• the cost of notary services – 1,000-2,000 euros;

• bank commission – from 500 to 1,500 euros;

• real estate valuation – 400-700 euro;

• state registration of the mortgage – up to 500 euros;

• home and life insurance – 0.3-0.8 per cent of the amount per year.

All payments are fixed and transparent. The foreign buyer receives an estimate before the transaction and signs it together with the mortgage agreement. A special feature is the full inclusion of all costs in the legal part of the transaction, which minimises risks.

Main selection parameters

A mortgage in the Netherlands for foreigners requires the assessment of several aspects at once. To make the choice easier, you need to structure the process.

Type of property:

• flat in a new building (guaranteed quality, higher cost);

• house in a historical building (unique style, higher repair risks);

• investment studio (low entry threshold, stable demand).

Location:

• Amsterdam – high yields, maximum rates;

• Rotterdam – business centre, reasonable prices;

• The Hague – administrative area, stable demand;

• Utrecht is a student market, high tenant turnover;

• Leiden, Eindhoven are the new centres of technology.

Ownership Strategy:

• personal residence (long-term place fixation);

• renting out (passive income of 3-6% per annum);

• Resale in 5-10 years (capitalization of assets).

Type of mortgage:

• annuity (equal payments);

• linear (debt reduction is faster);

• combined (customisation for investment purposes).

Financial Parameters:

• down payment – minimum 10%, comfortably 30%;

• term – 30 years as standard, but intermediate terms are allowed;

• monthly load – not more than 35% of income;

• insurance is a must in any case.

Buying a property in the Netherlands with a mortgage: a real investor tool

The transition from renting to owning is a key stage in any expat’s life. A mortgage in the Netherlands for expatriates ensures the transition without excessive pressure and with clear mechanisms. Against the backdrop of high rental costs (€1,200-2,500 per month), even a basic loan becomes cost-effective.

Calculation:

• an object worth 400,000 euros;

• down payment – 80,000 (20 per cent);

• the loan term is 25 years;

• The interest rate is 3.3%;

• payment – ~1,800 euros per month (including insurance);

• average rent of a similar property – 2,100 euros.

The difference is clear: the purchase saves up to 300 euros monthly and gives capital gains in the future.

Risks and insurance: mandatory conditions

Each borrower takes out comprehensive insurance for the property. In case of natural disasters, fire or theft, the bank receives compensation and the owner receives protection of the investment.

Types of compulsory insurance:

• property (walls, roof, structure);

• civil liability (damage to third parties);

• life insurance (at the bank’s request);

• Loss of income insurance (optional, but beneficial).

Without insurance, the bank will not activate the contract. On average, the total cost of the policy is 600-1,200 euros per year.

Conclusion

A mortgage in the Netherlands for foreigners offers access to a stable market with transparent regulation and clear logic. Low interest rates, flexible repayment schemes and respect for non-residents make the process of buying a home a sound investment. The main thing is to clearly formulate the goal, calculate the possible load and approach the choice not as a purchase, but as a project with a long-term result.