The Hague, also known as the city of peace and justice, is historically rich in diversity and exudes an atmosphere of refined elegance. Centered around the Binnenhof, the location of the Dutch government, and home to numerous international organizations such as the International Court of Justice, The Hague embraces a harmonious mix of old and new. Its geographical position, surrounded by the North Sea and snugly nestled against the province of South Holland, enhances the allure of this royal city. With centuries-old monuments like the Mauritshuis, Noordeinde Palace and the Peace Palace, The Hague manifests itself as a cultural treasure chest of the Netherlands.
The Hague's Luxury Housing Market
The exclusive housing market in The Hague is currently stable. Although the demand for luxury homes and apartments is growing, the supply remains adequate to meet this demand. Politically and economically, the situation in The Hague is stable, making it an attractive option for potential homeowners. Buyers should expect an average real estate brokerage fee of about 1.5%, while sellers should prepare for a 2% charge. Additionally, extra costs such as transfer tax (2% for private property), notary fees, building inspection costs, and possible attorney fees are charged.
Tax Considerations
The wealth tax on owning a house in The Hague varies depending on the value of the house and the corresponding tax bracket. When selling a house or apartment that is used as a primary residence, no taxes are levied on the profit made. However, this doesn't apply to secondary or vacation homes, where the profit is taxable. Business tax averages 20-25% for registered companies in The Hague, while income tax ranges from 37.35% to 49.5% depending on the tax bracket one falls in.
Purchasing a Luxury Home in The Hague
When applying for a mortgage in The Hague, one must be cautious about the relationship between equity, borrowed capital and income requirements. Generally, a buyer can borrow up to a maximum of five times their annual income. The most exclusive and expensive neighborhoods in The Hague include the Statenkwartier, Benoordenhout, and the Archipelbuurt.
Accessibility and Location
The Hague is easily accessible via the A4, A12, A13, and A44 highways and has excellent train links. The nearest major city is Rotterdam, about 25 km away. The Schiphol and Rotterdam The Hague Airport are the closest national and international airports.
Education and Amenities
High-quality education is available at institutions like Leiden University, The Hague University of Applied Sciences, and the International School of The Hague. Cultural-wise, The Hague offers the Mauritshuis Museum, Kunst Museum The Hague, and the Royal Theater, and you can expect top-notch medical care at the HMC (Haaglanden Medical Centrum), Bronovo, and Leiden University Medical Center.
The Hague, located in the water-rich province of South Holland and surrounded by a mix of forest, dunes, and beach, offers a range of outdoor activities. The Hague Forest, De Uithof, and Scheveningen Beach provide various sports activities.
For a luxury lifestyle, The Hague has a lot to offer, from high-end shops in the Haagsche Passage to high-end restaurants like Calla's, Restaurant Waves, and In den Rustwat. Don't miss the annual recurring events like the Night of Poetry, International Women's Day, and The Hague Outdoor.
Don't forget the excellent infrastructure and the abundant amenities that The Hague offers its residents, from high-quality shopping centers, luxury spas, and sports facilities. The Hague, with its approximately 544,766 inhabitants and a mild maritime climate, offers a world of luxury and exclusivity.