Law Betaalbare Huur: The time to sell your rental properties in the Netherlands and invest in the real estate market on Bonaire!
Malou van Drongelen
Real Estate Agent
Sunbelt Realty Bonaire
Law Betaalbare Huur in European Netherlands as of July 1, 2024
The introduction of the Law Betaalbare Huur as of 1 July, 2024, aimed at regulating rents and protecting tenants with a lower income, has a significant impact on the private rental market in the Netherlands. For landlords, this new regulation brings with it a number of challenges and considerations which may prompt them to sell their rental properties. Let us take a closer look at the most important considerations for this:
- Lower returns: By maximising rents, the potential profit margins become smaller. Interest rates are currently much higher than a few years ago, which significantly increases the financing costs for landlords. This reduces the net return.
- Higher costs: The new law requires accurate reporting and compliance with specific rent regulations. This increases the administrative costs for landlords, who have to spend more time and resources on managing and renovating their properties.
- Bigger risks: The continuous changes in regulations create uncertainty in the real estate market. This uncertainty may prompt landlords to reconsider their investments and invest in real estate markets that are less sensitive to such influences.
Our services for reinvesting in the Caribbean Netherlands
At Sunbelt Realty, we strive to make your overseas property buying experience as easy as possible. Our dedicated team of experienced professionals is here to support you every step of the proces:
- Personalized advice: Our team is knowledgeable about the local real estate market on Bonaire and can analyze your needs and requirements to help you find the right investment on the island.
- Legal and administrative support: We offer advice on the legal aspects of buying real estate on Bonaire, including property rights, taxes and local regulations. We can also assist you in exploring financing options and connect you with reliable mortgage providers and financial institutions.
- Assistance during the purchase process: Our team will assist you with price negotiations, drafting purchase agreements and ensuring that all documents are correct and meet legal requirements.
- Aftercare and support: After the purchase, we can help you with the management of your property, including rental and management. We can introduce you to local service providers such as insurers and maintenance companies to ensure a smooth transition to your new property
Contact us
Are you looking for a real estate investment and curious about the yields, costs and net return of this property? Please contact us at info@sunbeltbonaire.com for more information.
