You have made up your mind about purchasing a property in the Netherlands. If not, you can think of investing now. Now is a good time, and we have plenty of reasons to share.
But before you enter the market and find a property for sale, you must get the best real estate brokerage firm on board. They will help you find the best property for investment. Property purchasing isn’t like shopping at the mall - you must consider many things before investing.
Moreover, it’s an expensive purchase that needs careful consideration. Dive right in to find out more on this subject.
The Property Rates See a Fluctuation
In 2021, the property rates in the Netherlands increased. As per a report, the property rates were to increase further in 2022, but it is quite the contrary. In 2013, the price reached its lowest point, and the same will happen in 2023 by the end of it.
There is a chance that in 2023, the property price will fall further, and it will benefit those who wish to purchase a new house in the Netherlands. Please note that the price continues to stay high in certain areas, so you need to connect with the right brokerage firm to find a forever home for yourself.
Renting Vs. Purchase: What’s a Better Option?
When we look at it from a long-term perspective, purchasing a property in the Netherlands is a wiser option.
Mortgage costs are much lower than the rental, so it’s best to see some good options and own a property instead of renting.
Check the cost of properties on an area-to-area basis and then decide if it’s wise to buy now or wait for the price to dip further.
There is a chance that in 2023, property costs will dip by 3.1%.
There is a housing shortage in the main cities of the Netherlands, so finding a house won’t be a cakewalk.
Walk Off or Buy Now?
There has been a drop of 5.8% in the last few months, and the price will continue to dip sooner or later. In cities like Amsterdam and Haarlem, there was an average price drop of about 8 to 9%, whereas regions such as Southeast Drenthe and Friesland saw an increase in property rates.
Well, if you can find a property in the area of your choice and it suits your budget, then you must go for it. For this to happen, make sure you have a legit brokerage firm to guide you and show the best properties in the area.