Dutch housing market: Transfer tax reduced to 2%

Property transfers will be subject to a 2% tax - a considerable reduction from the previous 6% - for a period of one year (July 1, 2012).

Those who:
› have recently purchased a house and it is transferred into their name on (or after) June 15
› have recently signed an offer and the ownership transfer is due in the next weeks / months
will enjoy the new reduction and receive 4% back through the notary's office (if applicable).

Even though the exact procedure and average time are not clear yet, real estate agents have welcomed the move, which is expected to boost the housing market in the Netherlands.

Source: Expat Service Providers Chris van Maasdijk & Johan Grijzenhout.