News

For our customers: Win tickets for Grand Prix Zandvoort

Win tickets Grand Prix Zandvoort

As a token of our appreciation to all our customers who recommended us to friends and colleagues, we from Expats Amsterdam want to reward you. You have the chance of winning a ticket to the Formula 1 race in Zandvoort in May 2020.

About Grand Prix Zandvoort

The last time that the Formula 1 was held in Zandvoort was in 1985. The last racer to win this race was the famous Austrian Niki Lauda. The Dutch Grand Prix is known as a race in which the skills of the drivers are challenged. After 35 years it has finally returned. It will be a unique event to join.

The Grand Prix will take place on the 3rd of May 2020. Zandvoort is only one hour away from Amsterdam.

How can I win?

All you have to do is send an email to info@expatsamsterdam.com and let us know who you have recommended to us. We will do the rest. We have set up a scoring system where you will receive points based upon the people you refer to us.

  • 5 points: a new customer who has closed a package deal and we have bought a house for them and arranged the mortgage.
  • 3 points: a new customer who has closed mortgage with us.
  • 2 points: a new customer who has closed a package deal, but has not bought a house yet.
  • 1 point: each potential customer who we have talked to, even if they decided not to do business with us.

The three people who score the highest number of points will win the tickets (1 ticket per person).

The timeframe to which this scoring system applies is from 1st of January 2019 until 31st of December 2019. So you can still refer us to your friends and colleagues and benefit if we get in contact with them.

We will inform the three winners on the 1st of January 2020.

And still if you don’t win one of the tickets, you can still benefit from the income tax return that we do for you free of charge.

Buying an apartment in Amsterdam

buying an apartment in amsterdam

Buying an apartment in Amsterdam can be quite a challenge. Not only is there still a nation-wide housing shortage, Amsterdam is also one of the most popular places to live. How can you still buy a nice property in the capital of the Netherlands? We’ll show you how and where to buy an apartment in Amsterdam.

Would you like to quickly see the available apartments in Amsterdam? Use the contact form to send us an apartment list request and we will send you the latest available apartments as quickly as possible. Please specify the price range or the neighborhood you have your eyes on. Unsure how much you can loan? Calculate your mortgage through our mortgage calculator.

 

Overheated Dutch housing market

To buy or not to buy? Many expats have doubts about buying an apartment in Amsterdam. The prices are sky-high and it doesn’t look like anything will change soon. Not to mention how fast you’ll have to be if there’s a house or apartment available. Is it still possible to buy an apartment in Amsterdam? The short answer: yes, although you’ll have to be quick. However; don’t let the beauty of the apartment blind you. Get proper advice from an expert who knows how the market works.

We provide a wide array of housing services, like helping expats with the purchase of a house or apartment, arranging the mortgage and taking care of tax refunds. For a complete overview of all our services please visit our menu.

 

Buying an apartment in Amsterdam: the location

You can think of a location before you visit a real estate agent or discuss it with your real estate agent during your first appointment. Where in Amsterdam would you like to live? Do you have to live as close to the city center as possible, or are the suburbs also interesting for you? Keep in mind that the housing market is quite overheated, so it is recommended to have a second and third option as well.

 

  1. Living in Amsterdam city center

The city center is the heart of the city and the place where you’ll usually find the tourists. The charming canals and small alley’s make it a great place to live. And if you’re not fond of busy streets: there are also quite a few back streets that are just off the beaten tourist path, but still within close proximity of all the well-known attractions and services.

What kind of house or apartment can you get in this neighborhood? The 17th century canal houses are rarely available on the market; most of them are owned by companies. If they decide to sell you can easily look at a few million for a canal house. Some canal houses are split up in multiple apartments, which might be going for 300k and up, prices of more than a million are possible.

 

  1. Living in the Jordaan

Just next to the city center is the Jordaan-neighborhood. There are songs about this neighborhood and it still is the neighborhood where the real ‘Amsterdammers’ live, with quirky, nice people with a big heart. The independent shops, picturesque canals and lively café’s make it a great place to live.

What kind of apartment can you get in this neighborhood? For an apartment of 53-73 m2 you will pay anything between 300k to 550k, so it’s very important to discuss with your real estate agent if the apartment is worth that amount. Depending on the street or the view your real estate agent can see if the listing price is above market value and offer you another property instead. Would you like to live here? Contact us for available houses and apartments.

 

  1. Living in Amsterdam Oost

Amsterdam Oost actually consists of multiple neighborhoods, each with its own charm. The area has a few parks to relax and a few smaller shopping areas, so there’s no need to travel to the city center to get the things you need. There were a few neighborhoods in the city which used to be ‘problem areas’, but the city worked hard to improve the markets, attractions and greenery.

If you are looking to buy an apartment in Amsterdam Oost, it is important to look at the specific neighborhoods. Prices in Zeeburg and the Indische buurt are slightly lower because this area is still in development. An apartment of 80m2 can sell for around 375k, while the same square meters can cost 525k in the Jeruzalem neighborhood.

 

  1. Amsterdam Zuid

Amsterdam Zuid is well known for the offices and the VU university, but also for the iconic Rijksmuseum, music halls like the AFAS live theatre, luxurious stores in the P.C. Hooftstraat and innovative restaurants.

Just below the grachtengordel in Amsterdam you will find de Pijp, a neighborhood south of the city center. Apartments in the shopping streets like Albert Cuypstraat will easily sell for more than 500k for 75m2. If you look further away from the center and near the Zuidas, you will notice either the prices will drop 50k to 100k, or the m2 will go up. This neighborhood is close to parks and rivers but can feel rather businesslike.

 

  1. Amsterdam Noord

Amsterdam Noord is ‘on the sunny side of the river Ij’, as people who live there like to say. With a ferry you can get to the neighborhood filled with modern architecture, stylish restaurants near or on the water, but also the classic Dutch rural villages. Do keep in mind that this part of Amsterdam is more Dutch than international, so there might be less services or groups for expats.

Prices for apartments here are lower than the city center: you could buy a 112m2 apartment with four rooms for just below 300k. Do ask your real estate agent about the street the apartment is in though. Just like every city, Amsterdam has better and lesser neighborhoods. This area is still in development, so some areas might be less appealing than others.

 

  1. Amsterdam West

Amsterdam West is also called ‘the living room’ of the entire city. The calm and rustic streets are a nice contrast with the busy shopping streets spread throughout the neighborhood. On the Westergasterrein are many old favorites and new comers you have to visit at least once. With independent boutiques, exposition spaces and the Foodhallen you will never get bored in this area.

Prices have been going up for a while now, and in the western area you will pay around 300k for an apartment of about 60m2. If you wish to live near the Foodhallen or Food Center, prices can easily reach the 400k or even 500k for around 60-70m2. Would you like to live here? Please contact us for an overview of houses and apartments on the market.

 

Buying an apartment in the area surrounding Amsterdam

If there is not an apartment that suits your tastes in Amsterdam, it might be worth looking at the surrounding area. Zaandam for example has the upcoming neighborhood Oud-West, with apartments ranging for 300k to 400k for 100m2 to 125m2 with a view of the river. Or Haarlem, which is only half an hour away by train, with a great location close to the beach. You could get an apartment for 250k if you’re okay with 50m2 to 70m2. When buying an apartment in Amsterdam is difficult, these cities can be a good alternative.

 

The process of buying an apartment in Amsterdam

Together with a real estate agent you can search for the right property in the right neighborhood for the right price. While most real estate agents will ask you to go to a mortgage advisor first to see what you can afford, Expats Amsterdam can advise you on your mortgage as well as your future home.

  1. Our mortgage advisor will look at your financial status and determine what your maximum mortgage can be.
  2. After that our real estate agent will work with that budget and show you apartments within your maximum mortgage.
  3. Your real estate agent will plan viewings with you for the apartments you like. We will accompany you to the viewing and give you advice about the VVE association, the structure and if there are any issues that need to be solved. An example could be water damage for which you would need to repair a roof.
  4. After you’ve decided on an apartment, we will negotiate about the price, date of transfer as well as the dissolving clause.
  5. A house inspection will be conducted a few days after the seller has accepted your offer. This inspection serves to spot any damage you might have missed during the viewing.
  6. After you and the seller have come to an agreement, you can sign a preliminary purchase deed.
  7. The bank will want to have a valuation to give them an independent estimate of the apartment you are buying. They will need a payment of 10 percent of the house through the notary
  8. On the day of transfer you will have a final walk-through of the apartment before you visit the notary to sign all the paperwork. Time to get the keys and be a Dutch homeowner!

Expats Amsterdam consists of a team of highly motivated realtors, real estate agents and mortgage advisors, who will help you look for the perfect property.

Changements of the 30 ruling

30% ruling

There is a lot changed in the 30 % ruling. To find out how the ruling works in your situation after the changements read this article.

Current status of changes to the 30 Ruling

The proposal from the Dutch government to have the 30% ruling benefit reduced from 8 to 5 years will come into effect per January 1, 2019.
The Dutch Government has agreed to implement a transition period for the years of 2019 & 2020. This means that individuals that would have been impacted by the change in the years 2019 & 2020 will no longer be affected.

How is the change 30 ruling affecting me?

Associates with an Original 30 % Ruling End-Date In 2019 Or 2020:

  • Originally Associates in this category where set to lose the 30% Ruling on 31 December 2018 as a result of the change in duration from 8 to 5 years.

Associates in this category will now be provided a transition arrangement.
Your original 30 % Ruling end-date will remain in place and expire at the originally communicated date.


Associates with an Original 30 % Ruling End-Date in 2021:

  • Originally Associates in this category where set to lose the 30% Ruling on 31 December 2018 as a result of the change in duration from 8 to 5 years.

Associates in this category will now be provided a transition arrangement during 2019 & 2020.
The result of this is that individuals will continue to receive the 30% Ruling benefit during the years of 2019 & 2020
This means that your new 30% Ruling end-date will now be 31 December 2020.


Associates with an Original 30 % Ruling End-Date During or After 2022:

  • Associates in this category are set to have the 30 % Ruling duration reduced from 8 to 5 years.

Associates in this category will still see the duration of their 30% Ruling duration reduced from 8 to 5 years.
For example: if your original 30% Ruling end-date was 1 July 2025 your new 30% Ruling end-date would now be 1 July 2022.

How to prepare on changement 30 ruling?

We recommended that Associates seek professional financial advice and incorporate this change into your personal future financial planning. Feel free to contact us for financial advice.

Buying a house in the Netherlands versus renting

shutterstock_169179425
If you have come to the Netherlands to work you probably start with a house to rent.
When is it wise to take the step to buy ? And is buying better than renting.

In this article we have put the advantages and disadvantages of buying versus renting.
looking to the financial numbers buying gives you huge advantes because of the low rates, see for more information the last part of this article.

What are the advantages and disadvantages of buying and renting? 

Buying a property

Advantage Disadvantage
In the long term it is usually cheaper to buy, because the monthly payments are often considerably lower than rent. Your ae fully responsible for the maintenance of your home.
Through house renovations you can customize the house to your needs. You have a big financial commitment.
You are building an equity. Selling a house normally takes longer than the rent termination.
You can make a profit if houses prices increase. You can make a lost if houses prices decrease.

 

Renting a property

Advantage Disadvantage
Contracts can be ended short, you are flexible. The rent price normally goes up every year.
Repairs and maintenance are for the account of the landlord. You have no influence on the implementation and layout of the house.
Tenants often receive extensive rent protection. You are only paying, you do not build up.

 

How is the situation between renting and buying financially?
For this we have an example of 2 persons that bought an appartment

Buying 75m2 apartment    

Mr. and Mrs. da Silva are living two years in the Netherlands.
At the moment, they rent an apartment for € 1.750, – per month excluding water, gas and electricity. The house is in Amsterdam and 75m2 .
They would like to live in the Netherlands the next 8 years. Therefore, they are started looking to buy a house.

They have seen a apartment house for which the asking price is
€ 350.000, -.  There is also a Company of Owners (VVE) contribution of € 125 per month.

For the purchase of the house, including additional costs, they need an amount of € 365.000,

They are allowed to finance € 353.500 for a mortgage. The interest is 2,0% per year and is fixed for 10 years.
In 30 years the mortgage is fully paid off.

The monthly amount including interest and repayment is € 1.306.
They receive each month € 150 back from the Belastingdienst as reimbursement of the mortgage interest paid.
The family da Silva would like to know if it is financially better for them to buy this house instead of the current rental house.
Both houses are similar looking at m2 and location.

shutterstock_141772723

Expenses owner of a house

 

Mortgage

Interest and repayment mortgage                  € 1.306
Tax refund                                                   –  €   150

Total mortgage expenses                                                                       € 1.156

Additional costs

Water, gas and electricity                              €   150
Municipal charges                                          €    60
House insurance                                           €     20
VVE monthly amount                                     €  125

Total additional costs                                                                             €    355

Total expenses per month                                                                  € 1.511

 

Expenses renting a house

 

Rent

Monthly rent                                                                                             € 1.750

Additional costs

Water, gas and electricity                                                                         €   150

Total expenses per month                                                                    € 1.900

 

The monthly savings are € 389. Over a period of 8 years is this € 37.344.
When the house is sold after 8 years the mortgage is € 278.877.
If the house will be sold for € 350.000 there is € 71.123 extra money coming to your account.
 

Advantage buy instead of renting after 8 years

Monthly saving                   € 37.344
Repayment mortgage        € 71.123-

Total advantage        € 108.467, –

 

Caution!
Only when you are selling the house, you can calculate if you have had an advantage by buying a house.
If the house drops in value for more than 31% then there will be no financial advantage in this situation between rent and sale in 8 years.
Looking at the current house market this is not likely.

In this example it is wise for the family da Silva to buy a house instead of renting.
Given the huge financial advantage that they have in the period of 8 years, they  have done a good investment by buying the house.
By buying the house they also avoid annual rent increases.

Contact

Are you interested to buy a house in the Netherlands?
Please contact us so we can advise you.
We can guide you throughout the process of buying a house and to arrange the mortgage.

Expats Amsterdam
Staten Bolwerk 1
2011 MK RR Haarlem

Expats Amsterdam

Phone:             023-7515767

Email:             info@expatsamsterdam.com

Website:          www.expatsamsterdam.com

House prices 2015

House prices of the year 2015 by Expats Amsterdam.

The year 2015 was a great year for the Dutch housing market.
The numbers of houses sold was more than lost year and also house prices itself have gone up.

In last quarter of 2015 house prices have increased with 1,8% in comparison with quarter 3 of 2015.
Average prices over the full year have increase with 5%.
Best region was Amsterdam with an increase of 17,3%.
Apartments where the type of houses that where sold the most in 2015.

The average housing prices are still 10% lower than before the crisis started.
In Amsterdam the house prices are already higher than before the crisis.

Our expectations for 2016 are that the house prices will continue increase.
Because the mortgage rates are on a low point it is still very attractive to buy instead of renting.
We expect that the area of Amsterdam will be the region that will increase the most of any other area
in the Netherlands.

We have the full report, made by the NVM, of the municipalities in Amsterdam area for you available.
Numbers housing market Amsterdam
Numbers housing market Amstelveen
Numbers housing market Haarlem
Numbers housing market Haarlemmermeer
Numbers housing market Zaanstad

Experience Golf in Amsterdam

golf

Whether you’re new to the Netherlands or have been living here for quite some time, we believe you still might have
a lot to discover in this beautiful country.
Only the Amsterdam area is packed with history, art, UNESCO heritage, entertainment and, of course, bikes.
But did you know that there are more than 20 golf courses within half an hour of Amsterdam city centre?
With some golf courses even being mentioned in the top-100 golf courses of continental Europe, Netherlands appeals to both recreational as well as professional players, offering not only quality infrastructure, but also beautiful settings.

Dutch golfplayer Joost Luiten

Whether you are a golf enthusiast or just curious, we’re happy to inform you, that we are collaborating with Golf In Amsterdam, to co-organize a cycle of golf tournaments over the period of September/ October, starting Sept 5th 2015.

Our golfers we offer a monthly 18-hole competition. The cost is € 129,00 per person per competition, including welcome drink, snacks, competition and prizes. There is a € 10,00 discount if you bring your own golfbag.
During each professional tournament, the golfers’ families and friends are welcome to participate in group golf lesson and/ or simulator tournaments. We are offering a one-hour group lesson (10 persons per pro) and putting competition for just € 50,00 per person.
Our aim is to provide an opportunity for expats and their friends/colleagues to discover this amazing sport, play in a relaxed atmosphere with possibility for networking. Rental golf clubs are available at an additional, yet discounted charge on each golf course.

If you’re interested in participating or have any questions, please contact us:

Natalia Ney
Expats Amsterdam
communicate@expatsamsterdam.com

Laura Cohen
Golf in Amsterdam
laura@golfinamsterdam.com

We hope you’re as excited us we are, so please pass on the word about this new opportunity to your friends and colleagues.

Regards,

Expats Amsterdam

 

 

Maximum mortgage loan drops in 2015

Next year the amount of the maximum mortgage will drop.
This also was the case in 2014.
In the calculation will be looked at the purchasing power of different income groups.
After calculating this,  the amount a household can spend at a mortgage will decline.

What you can do ?

If you are busy with the buy of a house and you need a mortgage soon, apply this year for a mortgage offer.
If you get an offer in 2014 you can still loan under the conditions of 2014 instead of 2015.
Because more people will do this, banks already gave up date’s when you have to applied for your mortgage to get it under the conditions of 2014.

How big are the differences ?

It depends of your income, if you have more people in your household that have an income and the mortgage rates.

Example 1
There is one income of € 55.000 gross and the mortgage interest rate is 3%.

2014 € 314.275 maximum
2015 € 296.485 maximum

Example 2
There is one income of € 55.000 gross and one of € 25.000, mortgage interest rate is 3%.

2014 € 478.825 maximum
2015 € 444.225 maximum
You can see that there are big differences depending of your situation. If you need the conditions of 2014 be quick
because you will have around 2 weeks to apply for a mortgage.

If you want to calculate what you can loan in 2014 go to the mortgage calculators.
If you need advice or if you looking for a company that can apply for your mortgage feel free to contact Expats Amsterdam.

 

 

New website Expats Amsterdam

Today we proudly present the new website of Expats Amsterdam.
On the website we have a lot of  handy information for expats who are living and working in the Netherlands.

We also developed mortage calculators in English,  because a lot of expats let us know that this would be very helpful to them.

We will also put all the important news on the website section Expat News.
If you have any ideas or preferences about expat subjects you can always contact us so we can make an article about it in the Expat News section.

We hope that the website will be very usefull for you.
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