Situated in the southwest region of Luxembourg, Koerich is a town that boasts a lineage dating back to the Middle Ages. Known for its historical edifices, particularly the stunning Koerich Castle, it offers a mix of cultural heritage with modern amenities. Set amid the captivating landscapes of the Luxembourger Schweiz, Koerich exudes an air of old-world charm, enhanced by its geographically strategic position, nestled between Metz and Luxembourg City.
The Luxury Real Estate Market in Koerich
The current exclusive property market in Koerich is strong and stable, thanks to a growing demand for luxury homes and apartments. Despite the political and economic stability of the region, it's important for potential buyers to consider additional costs such as transfer tax, realtor commissions, notary fees, and possible construction inspection or legal charges.
Financial Aspects to Consider
The real estate commission in Koerich averages between 3-5% for both buyers and sellers. The transfer tax on private property is 6%, while the wealth tax on ownership stands at 0.5%. The income tax for registered residents hovers around 42%, while the corporate tax rate is 17%. It's important to consult with a financial expert or a tax consultant about taxation on profit made when selling homes and about any exemptions.
Mortgages in Koerich
Regarding mortgages, lenders generally expect a minimum down payment of 20% of the property's purchase price. The maximum mortgage one can obtain depends on an individual's financial stability and creditworthiness.
Living in Koerich
The most sought-after residential areas in Koerich are centred around its historical landmarks, such as the Town Centre and the area around Koerich Castle. Koerich is easily accessible, with the A6 motorway connecting it to Luxembourg City only 12km away. The nearest international airport, Luxembourg Findel, is a mere 20 minutes’ drive away.
Education and Healthcare Facilities
Koerich is home to several high-quality educational institutions including Koerich Primary School and Josy Barthel High School. The European School, Luxembourg II, is conveniently close, catering to a multilingual, multicultural student body. Health care facilities in the vicinity include the Centre Hospitalier de Luxembourg and Centre Hospitalier Neuro-Psychiatrique.
Lifestyle and Amenities
With panoramic trails and scenic hikes, Koerich is a paradise for outdoor enthusiasts. The town’s charm is enhanced by luxury lifestyle shops, offering a variety of high-end brands. It also hosts well-known restaurants such as the Restaurant Da Vinci and Deli Kitchen. The annual Castle Nights (Nuits des Châteaux) showcases the city's vibrant cultural scene. Renowned museums like Art and History Museum and National Museum of Natural History are within easy reach of the city.
With its strong public infrastructure, rich history, modern amenities, and stunning natural environment, Koerich offers a luxury living experience like no other.
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