With many newcomers moving in each year, Amsterdam's housing market is expanding with new building projects. Currently, over 91 new build projects are available on Funda.nl for sale around Amsterdam.

Most projects are located in less crowded and quickly developing areas, offering abundant choices for buyers looking for more living space.

If you're looking to buy in fast-expanding Amsterdam, remember that there are other choices than existing old properties. The Mister Mortgage team guides you on buying a newly built property in Amsterdam and walks you through the process.

What are the benefits of buying a newly built property in Amsterdam?

A fixed price: newly built homes are sold at a fixed price, so you won't worry about overbidding, which is very common in buying existing properties, especially in a competitive housing market like Amsterdam.
More living space: most new construction projects in Amsterdam are located outside of the 'ring', in quiet, peaceful, and spacious areas that are still well connected to the city centre by public transportation.
Lower closing fees: you save on closing fees, including property transfer tax, appraisal costs, real estate agent commission, and notary fees. You are also eligible for tax deductions on mortgage advisory fees and other supplementary expenses.
Lower maintenance costs: you will not need to deal with unexpected repairs that may arise with an existing building, for example, fixing an older roof or replacing outdated appliances.
Lower energy bills: newly built homes are designed to be more sustainable and energy-efficient. They might feature high-efficiency insulation, windows, heating, and cooling systems, which can help reduce your monthly energy costs.
Increasing value: if you buy in a neighbourhood with great potential, the property value can increase soon, bringing you extra investment return. In a popular city like Amsterdam, you can also easily rent out properties at a fairly good price.

How do mortgages work for newly built properties?

Regarding mortgage applications, there are a few differences between new builds and existing properties. The only notable distinction is that when purchasing a newly built property, you typically must wait around one to two years until construction is completed.

The mortgage payments begin once you sign a mortgage deed at the notary. However, it's important to note that you don't have to pay the full monthly fees from the start. Instead, the amount gradually increases over time. If you want to understand better how mortgages for new builds work, we invite you to schedule a free call with our team.

How to buy a new built property in the Amsterdam area?

Look for a property: search on Funda.nl or Nieuwbouw Netherlands.
Arrange the viewing: once you've identified potential properties, schedule viewings. Assess the property's proximity to essential amenities, schools, and public transportation to ensure it meets your lifestyle needs.
Lottery or first come, first served: register your interest with the developer during the designated registration period to participate. If selected, you are invited.
Sign the purchase agreement: rf your offer is accepted, the next step is to sign a purchase agreement. This document outlines the terms and conditions of the sale, including the purchase price, payment schedule, and any contingencies.
Mortgage application: once the purchase agreement is signed, it's time to arrange financing for your new build property. Contact us to check your mortgage options.
Notary: as soon as your mortgage is approved, it is time to sign the mortgage and transfer deed at the notary.

The Mister Mortgage team can help get you a responsible and affordable mortgage, whatever your situation is. Our team help you with everything from applying for a mortgage to planning your financial future.

Let us calculate your mortgage for a newly built project.

Schedule a complimentary introductory call with our mortgage specialists. We specialize in mortgages for expats and are dedicated to navigating you through the home-buying process.