Bissen - Lintgen - Dirbach

Luxembourg, steeped in history, boasts numerous historical gems such as the Grand Ducal Palace, and is situated at the very heart of Europe. A mesmerizing blend of rolling hills, dense Ardennes forests, and majestic historic monuments, Luxembourg celebrates a unique intersection of culture and natural beauty. Founded over a thousand years ago, it's a remarkable testament to the country's rich and vibrant past. Layered with captivating narratives, Luxembourg's geographical location is enticingly strategic, squeezed in between Germany, France, and Belgium.

Luxury Real Estate Market Trends in Luxembourg

Luxemburg's exclusive property market can be aptly described as strong and stable. The demand for luxury homes and apartments in Luxembourg often outstrips supply, reflecting the elite desirability of the small yet influential European nation. Political and economic stability contribute heavily to this robust state of the market, enabling investors to delve into their real estate ventures with confidence. Real estate commissions in Luxembourg vary depending on the agreement between the buyer, seller, and the estate agent. Typically, both buyers and sellers could expect to pay around 3% as a commission fee, although it's the seller who traditionally covers this cost in most cases. Additional costs, such as transfer tax (6% on used properties, 3% on new properties), legal fees, notary fees, and possible construction inspection or legal costs, should be considered when buying a luxury home here. The wealth tax is relatively moderate - property privately owned is exempted. But it is worth noting that profits on selling a privately owned home used as a main residence are not taxed. Profits from the sale of a second or vacation home are, however, taxable, with exemptions in certain cases. Corporate tax on profits for registered companies stands at 24.94%, while income tax for registered residents can reach up to 42%, depending on the income bracket.

Guide to Mortgage and Residential Areas in Luxembourg

When seeking a mortgage in Luxembourg, the ratio between owned and foreign capital along with income requirements need to be considered. Maximum mortgage usually covers up to 80% of the purchase price. The most prestigious residential areas for luxury homes often center around regions such as Limpertsberg, Belair, Kraichtal, and Cents districts of Luxembourg City.

Accessibility, Institutions, and Locale of Luxembourg

Luxembourg's prime location guarantees excellent accessibility by road and rail. It is about a 2-hour drive to Brussels, the nearest big city, while Luxembourg Airport caters to resident's national and international flights. There are numerous eduational institutions, including the University of Luxembourg, international schools such as St. George’s International, ISL, and various vocational institutions. For those yearning to embrace the outdoors, Luxembourg is located within the Luxembourg province and offers a population of about 634,730 inhabitants. Its environment flourishes with forests, enchanting water bodies, and sporadic landscapes. The climate is moderate with mild winters and temperate summers, inviting outdoor engagements such as golfing, hiking, and cycling. High-end shops like the Grand-Rue and Rue Philippe II satiate your luxury lifestyle lusts, while hotels like Sofitel Luxembourg Grand Ducal, eateries like Mosconi, and entertainment arenas brim with the finest of Luxembourg. Annually, the country stages events like the Schueberfouer fair and ING Marathon. The Mudam museum, Philharmonie concert hall, and Grand Theatre de Luxembourg enrich the cultural landscape. For healthcare, Hospital Clinique d’Eich, Centre Hospitalier de Luxembourg, and Clinique Pétrusse provide quality services. Luxembourg brags an excellent public infrastructure with well-equipped amenities glorifying the city's enticing serenity.