After years of saving and thinking about it, you're ready to buy a property. However, it was far from being a foregone conclusion! Paying full price seems unthinkable and you are able to drive 30 kilometres further to buy at the right price. Often referred to as Uncle Scrooge by [...]
Luxembourg
Buyer profile: the assertive homebody
Every outing requires psychological preparation and you hesitate until the last second. You love the comfort of your cocoon and you're the kind of person who gets deliveries from the restaurant across the street so you don't run into anyone. And if you're reading this curled up, you're a true homebody [...].
Buyer profile: the hardened perfectionist
Leave room for improvisation? No way! With you, everything has to run smoothly, you can't stand disorganisation. You already know all your meals for the week and cannot imagine packing your bags on the day of departure. Every little detail of your daily life must be under control, so [...]
Buyer profile: the administrative phobic
Do you think dealing with paperwork is the worst kind of chore and have you ever lost hundreds or even thousands of euros by not returning your NHA papers or your tax return? If so, you fall into the category of administrative phobics! Not sure? Do [...]
Deduct your home under construction from your tax return!
Is your home currently under construction or renovation and you are looking forward to moving in? The good news is that you are eligible to deduct the interest charges on a property loan for your building under construction. So you can save money while you wait to move in! A few things to know before you start... In Luxembourg, [...]
1.2 billion in additional savings in 2020
As a result of Covid-19, households in the Grand Duchy spent significantly less in 2020. The main culprits? The emergence of teleworking, the difficulty of travelling and enjoying leisure activities in the cultural and sports sectors, and the mistrust of an uncertain future. These new constraints have led to an increase in savings, which [...]
Property prices continue to rise in the Grand Duchy
The real estate sector continues its momentum in 2021 Despite the pandemic, real estate in Luxembourg recorded an increase of 13.9% between the end of 2019 and the end of 2020, a record compared to the average increase of 5.2% in Europe. From now on, it will cost 583,072 euros for a new flat, an increase of 10.8%, while [...]