You are now the owner of a property that you want to rent out. To do this, you need to set a fair rental price. Here are the criteria to consider.

Size and location

As a landlord, you are free to set the rent for the house or flat you rent out, provided it does not exceed 5% of the capital invested (a limit set by law).
But it has to be high enough so that you don't lose out, and it has to be suitable for the market and the property, otherwise the property could well remain... empty. The challenge for you is to find the right price.

There are two main criteria for this: the size of the property and its location. In a city, a district, a street, rental prices vary according to the location, whether the property is situated in the city centre, in an attractive or rather neglected area, etc.
It is therefore essential to find out about the local market, the rental demand, i.e. the neighbourhoods or the most sought-after cities in Luxembourgand the prices charged.

Up or down

You then have a basis for setting the rent. However, other factors may lead you to lower or raise the rent. You will have to make an effort if the condition of the property leaves something to be desired (unless you undertake works), if its energy performance is not high or if the flat is on the fourth floor without a lift. On the other hand, you can increase the rent - reasonably - if the property is located in a residence with a caretaker, if the building has a lift, if the flat has a balcony... If the study of the prices in the neighbourhood is not enough to make up your mind, contact a real estate professional who will be able to define the right rent.