Faced with the constant increase in property prices, shared accommodation is becoming an affordable solution for housing in the capital or the Grand Duchy's popular communes. Until recently, it was mostly reserved for students and young professionals. Today, it is attracting a larger part of the population. This is a godsend for landlords because renting out your property as a shared flat has many advantages.

Renting a large flat more easily

Large flats or houses take longer on average to rent than smaller ones. Sharing allows the landlord to rent out the property more quickly, as the rent becomes affordable once it is divided into several units.

Renting at market price

Rental property market prices in Luxembourg are quite high. Some people find it difficult to find suitable accommodation at affordable rates. Sharing allows them to live in a flat that meets current standards of comfort for a reasonable rent. The total rent is therefore no longer an obstacle to renting. By offering his property for sharing, the owner is sure to rent it at the market price.

Get a better rental return

It is simple: large houses suitable for sharing are in high demand and the supply is still too low. Therefore, properties for flatmates do not remain vacant for very long. By reducing the periods of non-occupancy, the owner can secure a higher rental income.

Be sure to get the rent

What should I do if one of the flatmates does not pay? It's simple, you just have to anticipate this by inserting a solidarity clause in the rental agreement. If one tenant has difficulty paying the rent or moves out, the other tenants agree to pay the amounts due.

The landlord is not obliged to return the rental guarantee to the tenant who leaves the premises. The latter must either wait until the end of the lease and the handing over of the keys, or arrange with the new flatmate to pay him his share of the guarantee.

Take out a loan more quickly

The good occupancy rate of shared flats is an asset when it comes to defending one's application for a mortgage to the bank. The fact that the rent will be set at the market price and not reduced is also a decisive factor for the bank.

The Grand Duchy of Luxembourg is an economically dynamic country that attracts an international population. When they are visiting for a few months, professionals from abroad appreciate the system of shared accommodation, which is conducive to networking and integration. The demand is always greater than the supply. This is one of the reasons why investing in shared accommodation is so attractive.