Nijmegen, founded in 2000 BC, is the oldest city in the Netherlands. Rich in history and old architecture, the city offers a range of historical sights, including the Roman wall fragments and the Sint-Stevenskerk. The city is located on the southern bank of the Waal River and offers a beautiful landscape. Nijmegen functions as a crucial center of education and culture within the province of Gelderland.
Current Condition of the Exclusive Housing Market in Nijmegen
The exclusive housing market in Nijmegen shows stability in the current situation. There is a healthy balance between the demand and supply of luxury houses and apartments. This stability is supported by the stable political and economic situation of the city.
Financial Aspects of Buying a Luxury Home in Nijmegen
When buying a luxury home in Nijmegen, various costs must be considered. The average brokerage fee is about 1.5%. Additional costs include the transfer tax (2% of the purchase price of the house), notary costs, and possible costs for building inspections and lawyer's fees. There is no wealth tax on a main residence, but wealth tax applies to a second home. Private profits from the sale of a home are generally not taxed in the Netherlands. For businesses in Nijmegen, the corporate tax is 15% on the first €245,000 and 25% on the rest.
Mortgage and Ownership in Nijmegen
Generally, for a mortgage in Nijmegen, a ratio of 100% of the value of the house (Loan-to-Value ratio) is allowed provided that the annual gross income is sufficient to carry the mortgage costs. With a higher income, there may be opportunities for a higher mortgage.
Living in Nijmegen
Luxurious homes can be found in the Kwakkenberg and Eikendal neighborhoods. Nijmegen is easily accessible by both car and train. The city is approximately 15 km from Arnhem, 94 km from Eindhoven Airport, and 130 km from Schiphol International Airport. The Radboud University and the Arnhem and Nijmegen University of Applied Sciences (HAN) are among the prominent educational institutions in the city.
You can enjoy outdoor activities in the Ooijpolder nature reserve, the Hatertse Vennen, and the Goffertpark. Several luxury lifestyle stores in Nijmegen include Bijenkorf and Jett Wonen. Popular are the Belvedere and Ivory restaurants. The Stadsschouwburg Nijmegen and Doornroosje offer plenty of cultural entertainment. Additionally, there are the Radboud UMC and Canisius-Wilhelmina hospitals. Historical, cultural, and sports events such as the Vierdaagse and the Gebroeders van Lymborch Festival are annual highlights.
The public infrastructure and facilities in Nijmegen are excellent, contributing to the high quality of life in the city.