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 [...]
Purchase
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 [...]
Is summer a good time to buy property?
In real estate, the time of year can be important. Indeed, there is a lot of real estate activity every year in the spring. There are many reasons for this. Here are some explanations. Spring-summer Often people who are transferred or change jobs prefer to move during the summer so as not to interfere with their children's school year. For [...]
What are the most sought-after cities in the centre?
Would you like to move to the centre of Luxembourg? Or invest in real estate in this region? The central region of the Grand Duchy alone represents a large part of the country's real estate market. 30% of flats and 21 % of houses for sale in Luxembourg are located in the centre. In terms of price, flats have [...]
Living space: a standard for dwelling size
Until this standard, the notion of habitable surface was not clearly defined in Luxembourg. This lack of a calculation method could easily mislead sellers and buyers as to the real surface area of their homes. Since 15 March 2016, this essential notion of living area has been clarified and rules have been established for the [...]
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 [...]