Quote from: bigtimespaghetti on February 24, 2015, 11:34:33 AM

I'm thinking of buying a flat in Amsterdam or rather taking a mortgage out more specifically. Mortgage rates are pretty good and if I choose to I will have to invest little of my own money.

Pros:

It's in a bustling major city
The market seems to have bottomed and is in a small upswing
Easy for me to get a good size mortgage
Rates are very low
Some tax benefits to owning
Beats renting
Can always rent it out fairly easily if I end up having to leave Amsterdam

Cons:

The Netherlands has punitive yearly taxes on owning real estate
Heavy deflation could turn the purchase sour
If I have to rent it out the bank will likely crank my interest rate up (no point in trying to rent it on the sly, I just don't want that kind of headache)
Somewhat hefty pricetag for intitial fees, survey ect..
Some regime uncertainty since The Netherlands is very leftwing and has only recently liberalized parts of their property market in the past few years
Could end up with a revalued mortgage if the single currency crumbles?

I'd really appreciate your thoughts guys, please point out any errors in my thinking or things I have overlooked... Thanks in advance!

If the house still in a good case you can sure invest in it , maybe after 10 or 11 year you will
get you ROI but don't forget that the house will still on your hand too you can then rent it as
you want and sell it after that Cool