Oldenzaal, a city with a rich history, is a picturesque gem in the province of Overijssel. This city, dating back to before Roman times, houses various historical attractions such as the Plechelmus Basilica, the Tankenberg and the Palthe House. Geographically, Oldenzaal is located in the east of the Netherlands, near the German border. The unique combination of history, geographical location and cultural richness makes Oldenzaal a desirable location for purchasing a luxury home.
Luxury Housing Market and Living Environment in Oldenzaal
As far as the data shows, the exclusive housing market in Oldenzaal is currently stable. The demand and supply of luxury homes and apartments are balanced, contributing to a flourishing and balanced market. Politically and economically, Oldenzaal is a solid city with stable governance.
When buying a luxury home in Oldenzaal, one must consider various costs. In addition to the asking price, there are costs such as transfer tax (2%), brokerage fee (average 1.5%), notary costs, and costs associated with a building technical inspection or lawyer.
Tax Information
Regarding the tax aspects, there is no tax on the profit made on the sale of a private property used as a primary residence. For second homes and vacation properties, however, the tax is calculated based on the current tax system. The property tax on private homes in Oldenzaal depends on the value of the house, while the corporate tax on profit for registered companies is 20-25%. The income tax for registered residents varies from 37.10% to 49.50%, depending on the income.
Finances and Mortgages
In general, financial institutions in Oldenzaal require a balanced ratio between own and borrowed capital when granting a mortgage. The maximum mortgage on the purchase price is in most cases 100% of the purchase price, although this can depend on individual financial factors and institutions.
Living in Oldenzaal
Oldenzaal offers a wide range of recreational and cultural opportunities. Visit the Museum Palthe House, enjoy theater at Stadstheater de Bond, or discover the local art galleries such as Galerie Beeld & Aambeeld. Oldenzaal is also home to the Medical Spectrum Twente, Antonius Hospital, and various specialized clinics.
Oldenzaal is easily accessible by road and train and is a short distance from the major city of Enschede and the airports of Enschede Airport Twente and Schiphol. The city is surrounded by natural beauty, including the Northeast Twente National Landscape.
There is a wide range of sports facilities, luxury stores such as Only for Men and Maison Manon, and dining options such as Restaurant de Rechter, De Karmel and Michelin-star awarded Restaurant de Bloemenbeek.
Whether you want to enjoy the culture, the sports activities or the luxury lifestyle in Oldenzaal, all this and more is possible in this historic city full of character and charm.
For specific data and information, we always recommend contacting a local tax advisor, finance expert, or real estate agent.
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