We often talk about investing in real estate, buying to rent, renovating an old building, etc. However, there is another investment solution that can be very profitable: investing in a parking space, with the intention of renting it out, of course. The profitability varies between 6 % and 12 %. It [...]
Purchase
5 reasons to buy new
The new-build property market is important in Luxembourg. Demand is high, there are many developers, but little land available. This explains the higher prices than for older properties, but it is not the only reason! Because buying a new home means benefiting from many advantages. And here are the 5 [...]
Rental investment: the importance of location
Continuation of our dossier on rental investment. After choosing the flat, let's look at the location, as you will see the location of the property you are going to rent is fundamental to achieving your objectives, whatever they may be. The location, the first criterion of choice When you make a rental investment, the biggest risk is that of vacancy. Do not [...]
The clauses of the sales agreement
The compromis de vente is a document that seals a property sale. In Luxembourg, this document is equivalent to a sale: it is not a simple commitment that can be withdrawn. The regulations clearly state that an agreement to sell is equivalent to a sale. The compromis is therefore to be taken very seriously. In order to guarantee security, it is important to [...]
FAQ's for first time buyers
When you are planning to buy your first property, there are a lot of questions. Here are the answers to some of them. How much should I contribute? You must be able to provide at least 10 % of the total cost of the purchase. The larger your deposit, the better the terms of the mortgage you take out.
What to check when buying a house
This house has literally caught your eye and you're ready to sign a provisional sales agreement to become its proud owner. But have you really checked everything? Aren't you in for some nasty surprises? Here's our checklist of things to look out for. Your future property under the microscope When you buy a property in Luxembourg, the seller has to check that you have the [...]
Property search: how to choose your visits
When you want to buy a property, it's useless or even counterproductive to visit so many places: your dream house could be passed over because you were elsewhere when it attracted someone else. Three steps to get organised. 1- Define your project precisely Defining your real estate project means defining the [...]
The compromise sale: what commitment? Under what conditions?
In general, in order to conclude a property sale, the seller and the buyer first draw up a private agreement recording the essential conditions of the sale, commonly known as a "compromis de vente" (or "promesse synallagmatique de vente"). But what is the value of the preliminary sales agreement? Claudia THIRION, lawyer [...]
3 questions to ask before buying a property
Are you seriously considering buying a property, after a visit, after a crush? Great! Buying a new home is an important moment in your life. You've given it a lot of thought and you've already asked yourself a million questions, so it's only natural. To help you make your decision, there are a few [...]