The reservation agreement enables a buyer to reserve a property yet to be built before the notarised deed is signed. It describes the property, its estimated price and the main features of the development. If a deposit is required, it may not exceed 2 % of the estimated price and must comply with specific rules. The contract […]
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How does financing a new flat work?
There are some strict rules for financing a flat that has been sold off before completion (VEFA). We explain how to finance your new flat. The amount of the personal contribution For a purchase off-plan, the banks' rules are the same as for the old. In general, the personal contribution required represents 10 % of the total cost of the property.
Buying new or renovating old: advantages and disadvantages
When buying a property, the question arises: is it better to buy an old house or to invest in a new building? We have listed the advantages and disadvantages of each type of purchase for you. Buying an old building and renovating it There are 3 main advantages to buying an old building: 1- A higher price per square metre [...].
VAT: What increase for real estate?
Since 1 January 2015, VAT in Luxembourg has increased. This concerns the standard rate, the reduced rate as well as the intermediate rate, which will increase respectively from 15 to 17%, from 6 to 8% and from 12 to 14 %. The super-reduced rate of 3 % will only be reserved for the acquisition of a new good intended for personal use, i.e. for [...]
Buying off-plan: the main steps
Buying off-plan or selling in the future state of completion (VEFA) consists, for the buyer, in acquiring a property to be built. Real estate companies offer prospective buyers new properties, still at the planning stage, on plan or sometimes even as a virtual visit thanks to the animated 3D plan. Book your property on plan [...]
The ten-year guarantee: your new home is covered for 10 years
When constructing or renovating a residential building, it is necessary to call on professionals to carry out these often complex operations. Architects and craftsmen are therefore liable in the event of damage to the future purchaser, through the application of specific guarantees: the most important [...]
Construction, the choice of land
Choosing the right plot of land is an essential step in building your future home. AtHome informs you about the elements to take into account before embarking on such a project. The choice of plot of land must be made with the utmost care. Don't just worry about the location, the size of the house and the [...]