Thursday, October 15, 2009

Luxembourg real estate for individuals - update

Since we have moved to Luxembourg (almost 2 years) we have noticed that the real estate market for private individuals is very active and that the financial crisis had only a minor (if any) negative influence.

We formed this opinion also by taking the example of the 6 unit apartment building where we currently live. During the last 15 months, all the existing tenants have moved out and the apartments have been subsequently re-let at the same monthly rates, with a void period of only 1-2 months.

Moreover, some of our colleagues have also recently changed apartments , moving into 1 bedroom apartments costing around EUR 1,000 per month.



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