Amstelveen, located in the province of North Holland, is a city known for its rich history, verdant nature, and close ties to Amsterdam. Historical attractions like the Jan van der Togt Museum and the open-air sculpture garden of Museum without Walls, combined with the green surroundings, provide a charming backdrop for the luxury housing market. Geographically, Amstelveen is strategically located in relation to Schiphol International Airport, Amsterdam, and the Flower Region. The array of villas, country houses, and modernist homes reflects the city's rich history and prosperous present.
The Real Estate Market in Amstelveen
Currently, the exclusive real estate market in Amstelveen is strong. The demand for luxury houses and apartments is high, but the supply is limited, driving up prices. The city's political and economic situation is stable, fostering a favorable environment for real estate. On average, a buyer pays roughly 1.85% in brokerage fees when purchasing a home. The seller in Amstelveen typically pays 1.5% in brokerage fees. Additional costs for purchasing a luxury home or apartment include transfer tax (2% for homes), notary costs, and possibly expenses for a building technical inspection or lawyer. Property tax and potential capital gains tax must also be taken into consideration. However, in the Netherlands, gains from the sale of a house used as the primary residence is tax-exempt.
Property tax in the Netherlands is levied by the central government and varies between 0.59% and 1.69%, depending on the value of the property. On selling a second home, there may be tax implications on the profit, depending on personal circumstances and the use of the property.
Companies in Amstelveen are liable to corporate tax, ranging from 15% to 25%, depending on the profit.
The Mortgage Market in Amstelveen
When purchasing a home in Amstelveen, the general mortgage standards of the Netherlands apply. The maximum mortgage is generally 100% of the property value. Income requirements vary depending on the mortgage provider.
Neighbourhoods and Accessibility
The most sought-after and expensive neighbourhoods in Amstelveen include Stadshart, the Gold Coast, and Elsrijk. Amstelveen is easily accessible by car and train, with good connections to Amsterdam, Utrecht, and The Hague. The city is just 15 kilometers south of Amsterdam and near Schiphol International Airport.
Education and Culture
Amstelveen is home to numerous reputable schools, including the International School of Amsterdam and Vrije University Amsterdam. Other famous educational institutions include the ROC of Amsterdam and Amstelland College.
Lifestyle, Sports, and Events
Amstelveen offers a multitude of sports and outdoor activities, including hockey club AH&BC, football club Amstelveen Heemraad, and De Amstelborgh Golf Club. The city is known for its high-end shopping, such as Stadshart Amstelveen shopping center, and restaurants like Ron Gastrobar. Also, annual recurring events, such as Jazz in the Village festival and the Amstelveen City Swim, are held.
Medical Facilities and Infrastructure
Amstelveen has excellent medical facilities, including the internationally acclaimed Amsterdam UMC and Amstelland Hospital. The public transport is well-organized, and the city is known for its green spaces, including the Amsterdamse Bos and Broersepark.