The Luxembourg property market is doing well and prices are rising steadily. A boon for owners, but a real problem for buyers. However, with a little research, it is possible to find properties that are negotiated for less. Here are 3 tips that may help you become a homeowner in the Grand Duchy.

Give priority to ground floors

Did you know that, depending on the programme, a ground floor apartment can be sold for 30 % less than a flat of the same configuration located on a higher level? In addition, co-ownership charges are often lower. Perfect for families with children, theground floor flat gives you more freedom to No downstairs neighbours to bother you with noise and, if you're lucky, a private garden or terrace that's larger than upstairs.

Find a property to renovate

You're not afraid of construction? That's just fine! Properties for sale that require renovation are traded at a lower price than houses or flats that are ready to move into. What's more, you'll be able to furnish your home exactly the way you want it. To get an even lower price, focus your search on commercial premises. These are even cheaper than a ground floor flat.

Moving away from Luxembourg City

Yes, buying in Luxembourg City is expensive, but despite this, demand remains strong. The capital is unsurprisingly the municipality with the highest prices, with an average of €7,332 per M². Is this not within your means? Have you consideredliving in the south of the country ? The southern region of the Grand Duchy has a dynamic real estate market where the sale prices of flats are on average 18 % cheaper, compared to the average price in the country. The average budget to become a homeowner in the south is €367,921 for a flat and €646,511 for a house.