Real estate in new builds from developers of Amsterdam
Real estate in Amsterdam
Location, climate, and economy
Amsterdam is the capital and one of the largest cities in the Netherlands. It is located in the province of North Holland at the mouth of the Amstel River, connected to the North Sea by a sea channel.
The climate is temperate, which, under the great influence of the sea, changes to the Mediterranean. In winter, the temperature rarely drops below 0°C; summers are warm, but not hot.
Enterprises of the electrical industry and mechanical engineering are based in Amsterdam and its suburbs. Particularly developed are: aircraft building, shipbuilding, chemical and woodworking industries, and oil refining. In addition, Amsterdam is the center of diamond cutting and trading. The city is known for its light industry (about 50% of the turnover of the entire industry in the country is concentrated here). Amsterdam is the financial capital of the country (one of the largest cities in Europe in terms of the number of banks and corporations).
Real estate market in Amsterdam
During 2021, the value of residential property in the Netherlands increased by almost 20%. At the same time, the number of building permits issued has declined sharply. In the primary market of Amsterdam there is a shortage of quality, modern real estate. Many people who were planning to improve their living conditions put the idea on hold indefinitely and refused to sell their own homes. The greatest difficulties with the purchase of housing arose in Amsterdam, where the price per square meter has long exceeded the national average.
New development projects are concentrated in the north of Amsterdam, in the Amstelkwartje, as well as on artificial islands in IJburg. The city center with its canals and bridges remains popular but scares many shoppers with high prices, crowds of tourists and limited parking. Investors began to focus on more accessible remote areas. Zuidas stands out among one of them - it is known as the international business district.
Residential complexes in Amsterdam, which were put into operation, comply with building codes, as evidenced by the feedback from buyers of new buildings. When selling projects under construction, developers offer promotions, discounts and installment payments.
The cost of real estate in Amsterdam
Over the past few years property prices in Amsterdam have risen significantly. The city is considered the most expensive in the country in terms of housing costs. The reason for this was also low mortgage rates and tax incentives. Accordingly, hence the increase in demand, and the continuing rise in prices. Rise in property prices in Amsterdam is also associated with an increase in the number of millionaires living in the city.
- On average, a property is worth 600 thousand euros. The average rental price is 1,466 euros per month.
- It is possible to buy two-three-room apartments in Amsterdam for 300,000 - 500,000 euros.
Property types for sale
Potential investors can choose from the following types of properties in Amsterdam:
- residential (apartments, houses, cottages, villas, townhouses, etc.);
- commercial (shopping space, office space, warehouses, industrial premises, etc.);
- land plots.
Real estate site in Amsterdam
We recommend that you use only expert information and follow the instructions of specialists. The GEOLN.COM real estate website with a convenient search interface, which presents the current catalog of verified real estate in Amsterdam assists with purchasing apartments.
Buying property in Amsterdam: the nuances of investing
The city authorities have introduced new rules for buyers of residential property in Amsterdam. Investors looking to buy residential property in Amsterdam should take into account that they will now have to live in the acquired properties for at least four years after the purchase. The new rule, effective from April 1, 2022, is intended to limit the runaway increase in home prices and calm the market a little so that buyers cannot resell houses and apartments out of control.
Both locals and foreigners can buy real estate in Amsterdam. The legislation does not impose strict restrictions, so foreign investors can freely buy and sell real estate in Amsterdam by entering into an agreement for a legal entity or individual.
It is worth noting that foreign citizens most often seek to purchase property in Amsterdam for doing business or renting the property out.
Buying real estate in Amsterdam is a reliable and profitable investment that guarantees the safety and growth of assets, income generation, living in the capital and the main tourist center of one of the most developed European countries.