The Netherlands has always been a highly developed and free European country. It welcomes many foreigners to invest in the retail, real estate, financial and other industries . The Netherlands is also a big country of immigration , and every year there are many foreigners competing for Dutch immigration . Because of this, Amsterdam in the Netherlands has become one of the largest residences for outsiders.
However, foreigners who have recently lived in Amsterdam and inspected real estate in Amsterdam, the Netherlands, have recently been warned that they need to understand Dutch real estate scams, which are specifically aimed at new immigrants in the city in order to make the right ones. Precautions.
These scams are a serious challenge for expats who want to invest in an apartment in Amsterdam. As far as the current situation is concerned, there is a serious housing shortage in Amsterdam, especially in the central region. The market is affected by rent-controlled public housing and unscrupulous landlords and agents.
Common scams when buying a house in Amsterdam, the Netherlands:
A common scam involves asking foreigners to pay extra after finding suitable accommodation.
Another most popular scam is a reverse mortgage scam, in which expats who own their homes are persuaded to take out a reverse mortgage, which is not suitable for their situation and leads to endless fees.
Another common trick is to approach newcomers and persuade them to own their own homes without deposits-as long as they pay extra.
Also, pay attention to online real estate rental advertisements. These advertisements require bank transfers as holding deposits, because these advertisements can easily become scams. Pay attention to inconsistencies, for example, the email address does not match the website.
Foreigners must pay attention to the following points when buying a house in the Netherlands:
1. When buying a Dutch property, the oral contract is no longer binding (as opposed to the lease agreement). Need to make a purchase agreement. After signing, you have three working days to change your mind, and it will take several weeks to get a mortgage from the bank.
2. For foreigners who want to invest in real estate in Amsterdam, the Netherlands, if they obtain any real estate documents translated by a lawyer, the lawyer can spot any warning signs that the transaction may be fraudulent. We also recommend that foreigners understand the basics of the Dutch real estate agency process and then take all the protective measures that can be taken.