Roth an der Our, a picturesque village in the Luxembourg province of Luxembourg, has a rich history dating back to the Middle Ages. The village is known for its historic architecture and the well-preserved Vianden Castle, located just a few kilometers away. Its geographical location on the border between Luxembourg and Germany makes Roth an der Our a charming destination for travelers and property buyers alike. The region is characterized by gentle hills, lush forests, and the picturesque Our River, making it an idyllic place to live.
The Exclusive Real Estate Market in Roth an der Our
The real estate market in Roth an der Our is currently strong, with high demand for luxury properties. The supply of exclusive homes and apartments is limited, leading to a stable yet competitive market situation. Luxembourg's political and economic stability contributes to the attractiveness of the real estate market, and Roth an der Our benefits from the country's generally positive economic climate.
Costs and Taxes When Purchasing Property
When buying a luxury property in Roth an der Our, buyers should prepare for a property transfer tax of 7% on the purchase price. The average real estate agent commission is about 3% of the purchase price for both buyers and sellers, plus VAT. Additional costs include notary fees and possible building inspection or legal costs. The wealth tax on property ownership is moderate, with exact rates depending on individual circumstances. Capital gains from the sale of a primary residence are generally tax-free in Luxembourg, while gains from the sale of a second home can be taxed.
Mortgages and Financing Requirements
Mortgages in Roth an der Our are generally available for up to 80% of the purchase price, depending on the buyer's creditworthiness. Requirements include a healthy ratio of equity to debt and solid income levels. Buyers should be prepared to present a substantial equity contribution when financing.
Luxurious Residential Areas and Accessibility
The most exclusive residential areas nearby are found around Vianden and along the Our River. Roth an der Our is accessible via well-developed roads and is approximately an hour from Luxembourg City, the nearest major city. The nearest international airports are Luxembourg Airport and Frankfurt-Hahn Airport, both reachable within two hours.
Education and Healthcare Facilities
Near Roth an der Our, there are reputable educational institutions, including schools in Vianden and Diekirch as well as universities in Luxembourg City. For medical care, the Centre Hospitalier du Nord in Ettelbrück and the Kirchberg Hospital in Luxembourg City are available.
Leisure and Luxury Offerings
Roth an der Our offers numerous outdoor activities such as hiking, cycling, and boating on the Our. The area has stylish restaurants like Château d'Urspelt, luxury shopping opportunities in Clervaux, and interesting cultural events like the Vianden Music Festival. Those interested in culture should visit the Victor Hugo Museum and the nearby art galleries in Clervaux.
Infrastructure and Amenities
The public infrastructure in Roth an der Our is solid, with good access to essential services and modern communication technology. The availability of shopping, dining, and leisure facilities ensures a comfortable and luxurious lifestyle in this charming region.
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