A Dutch House Move Made Cheaper - Is it Working?

Photo: Chris Holder

For those of you currently searching for your dream home in the Netherlands the recent reduction in home transfer tax from 6% to 2% should be a welcome boost to a despondent house market. It's a buyer's market for sure and it just got more attractive to take a step on the property ladder.... as long as you can get rid of your current property of course. However, experts relay that the real benefit of this government move won't be felt until the final quarter of 2011 so house sellers will need to exercise yet more patience.

Estate agents say that viewings have gone up 25% since the government made the announcement. From personal experience we have seen no effect whatsoever of the promise of a lower property transfer tax (which can save thousands of euro on a house purchase). We have had no extra viewers at all. Mind you, it would seem that the entire Dutch population is on vacation somewhere or other because it is quiet all round so maybe once the school holidays are over normal business will be resumed..........

I know there's at least one of you out there trying to sell a property... anyone noticed a boost in house viewings and negotiations as a result of the reduced property transfer tax? Are you persuaded to buy a property because of the money you save by the lower tax rate?