Nestled in central Luxembourg, Bissen is a historic commune steeped in character, providing the perfect backdrop for a luxurious lifestyle. It brims with a rich history, marked by numerous architectural gems such as the Church of St. Hubert and the renowned Bissen Castle that tell the tales of its past. Situated on the Attert River, Bissen is surrounded by the breathtaking countryside and vibrant landscapes, creating a harmonious blend of urban sophistication and rural charm. The town’s strategic location also makes it easily accessible, promising easy commutes and connectivity throughout Luxembourg.
Luxury Real Estate Market in Bissen
The exclusive property market in Bissen is currently strong and stable due to its unique combination of historic charm and modern amenities. However, demand tends to outstrip supply as the popularity of luxury homes and apartments in Bissen is on a steady increase, signifying a healthy and robust real estate market. With a stable political and economic situation, Bissen offers an ideal environment for property investment.
When buying a house in Bissen, buyers generally pay a real estate commission of averagely 3-5%, while sellers also pay similar rates. Additional costs, such as transfer tax, notary fees, and possible construction inspection or legal costs must be considered when investing. In Bissen, the transfer tax on private property is around 6%, and the wealth tax is typically applied at 0.5% of the property's value.
In Bissen, profits gained from the sale of a main residence are typically non-taxable. However, profits from the sale of a second/vacation home could be taxable at a rate dependent on the length of ownership and the overall taxable income of the individual. The corporate tax on profits for registered companies is generally around 24.94%. Income tax ranges depending on the taxable income, with the highest rate being about 42%.
Acquiring a Luxury Home in Bissen
The general mortgage requirements for buying a house in Bissen necessitate a minimum ratio of 20% own capital to the purchase price. However, this can vary based on individual circumstances and the lending institution's policy.
Prime Residential Areas in Bissen
Some of the most expensive and sought-after areas for premium real estate in Bissen include the suburban settings around Bissen Castle and the central town regions featuring magnificently designed modern villines.
Accessibility and Proximity
Bissen is well connected by road and rail, making it an accessible location. The closest city is Luxembourg City, which is approximately 18 kilometres away. The closest airport to Bissen is Luxembourg Findel Airport, which is approximately 17 kilometres away.
Education in Bissen
Renowned for its commitment to education, the vicinity of Bissen boasts some fine schools and educational institutions, including International School of Luxembourg and the University of Luxembourg.
Bissen – A Vibrant Community
Located in the canton of Mersch in Luxembourg, Bissen is home to around 3,000 residents. The town offers generous amounts of green space, punctuated by the magnificent Attert River, providing numerous sports and outdoor activities such as hiking, boating, and fishing.
Lifestyle in Bissen
Bissen’s luxury lifestyle is complemented by an array of upscale shops, high-quality and famous hotels, prestigious restaurants, and exclusive, stylish nightlife. The town also hosts several annual historical and cultural events and boasts a plethora of art venues, including galleries and theatres.
Healthcare in Bissen
In terms of healthcare, Bissen is served by a number of hospitals and clinics, both within town limits and in the wider surrounding area. The public infrastructure is well developed with ample amenities, making Bissen an ideal place for both settling down and investing in real estate.