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CREATION AND WRITING

Just Arrived SARL

Editorial Director: Laurent Ollier

Editor in chief: Françoise Tilly

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December 2022

ISBN 978-99959-0-820-1

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Just Arrived, installation and integration specialist in Luxembourg since 2005 www.matelas.lu C M J CM MJ CJ CMJ N Pub Stoll EN correction fond perdu.pdf 1 22/11/2022 16:49

CONTENTS

fi?flflfl fl www.matelas.lu C M J CM MJ CJ CMJ N Pub Stoll EN correction fond perdu.pdf 1 22/11/2022 16:49 9

LOOKING FOR A HOME

Property prices, Where to live? Map of Luxembourg city, Property rental, Property purchase, Home insurance, Housing maintenance, Energy performance certificate - energiepass, Support and rights 20

FIND AN ACCOMODATION

Property portals, Real estate agencies, Relocation agencies and services, Press and social networks, Temporary housing, Tips for successful housing visits 28

SET UP YOUR ACCOMODATION

Water connection, Gas and electricity suppliers, Fuel suppliers, How to save energy?, Phone, television, internet, Furniture

© Pit Karges

8

PROPERTY PRICES

In Luxembourg, property prices rise conti

nuously, + 14,5% in 2020 and + 13,9% in 2021.

Even if the increase seems to slow down in

2022, the trend is still upwards.

Prices for existing properties continue to rise,

due to a persistent housing shortage. New pro jects and new constructions continue to expand.

The rise in new housing prices is slowing or

even flattening out.

In the capital Luxembourg, rents and purchase

prices per square metre are high. In 2022, the average purchase price is more than 12,000 euros per square metre and the average rental price is 27 euros.

The further away from the capital Luxembourg,

the more affordable the prices. In the south of the country, the price of a square metre is around 7,400 euros and 20 euros for renting.

LOOKING FOR A HOME

WHERE TO LIVE?

NEIGHBOURHOOD PRICES

Limpertsberg and Belair are the most expen

sive districts in the capital, Luxembourg City.

Prices per square metre exceed 14,000 euros.

The districts of Kirchberg, Neudorf/Weimershof,

Clausen, Ville-Haute, Hollerich and Merl also

show prices above 10,000 euros per square metre.

The "interesting" and more affordable districts

are Rollingergrund, Bonnevoie-Sud, Gasperich,

Cessange and Eich.

As an alternative, there are very pleasant and

less expensive towns located between 5 and 15 minutes by car from the city of Luxembourg:

Howald and Hespérange in the south, Strassen,

Bertrange and Mamer in the west, Bridel,

Bereldange and Walferdange in the north,

Niederanven, Schuttrange and Sandweiler in

the east.

RESIDENTIAL DISTRICTS

By large, foreigners live in the City of

Luxembourg. They are mainly concentrated

in districts like Limpertsberg, Merl, Belair,

Gasperich and Cessange.

Pfaffenthal and Grund are also very popular.

However, parking is difficult and there is limited real estate available.

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LIVELY NEIGHBOURHOODS

The most vibrant areas are Gare, Clausen and

Grund. They are mostly known for their nightlife.

The Gare district attracts a very heterogeneous

population and is not really recommended for families (prostitution, drug trade, rising crime rates).

Very lively during the day, Gasperich and

Kirchberg lose interest in the evening, except

for the Kinepolis cinema and its surroundings on

Avenue JF Kennedy and the Philharmonie near

the Red Bridge. The historical and touristic districts of

Luxembourg City are the Grund and Clausen,

which are more lively in the evening, the very residential Pfaffenthal and the Ville Haute or

Centre, which is very commercial with high-end

shops.

Planes taking off and landing to the airport of

Findel are quite noisy in the areas of Bonnevoie,

Gasperich, Hamm and Cents.

SCHOOL ACCESSIBILITY

Proximity to schools is also a decision criterion

when it comes to choosing a place of residence.

The French Primary School and High School

are located in the district of Gasperich. The tramway will serve this area in 2024.

The French-Luxembourg school Notre-Dame

Sainte Sophie is located at Weimershof, near the

districts of Kirchberg and Limpertsberg.

©Just Arrived

WORDS FROM EXPATS: "WHAT ARE YOUR FAVOURITE AREAS?" 12

BUSINESS QUARTERS

If you work for one of the European institu

tions or for companies located in Kirchberg's neighbourhood, the areas of Kirchberg (current ly in the process of rebalancing its residential/ business quarters) and Weimershof are all in dicated. The district of Neudorf is also interes ting due to its proximity to the city centre and to

Kirchberg.

A little further away, the towns of Senningerberg

and Senningen can be a nice alternative, close to the city.

The Route d'Arlon is the main road and eco

nomic development axis between the cities of

Mamer, Strassen, Bertrange and Luxembourg.

The district of Gasperich is close to the new bu

siness center of the Cloche d'Or. Cessange can also be very interesting in this case and by its proximity to Leudelange or Bettembourg, which are in full economic development.

Leudelange is also located on the future deve

lopment axis of the high-speed tram between Luxembourg and Esch-sur-Alzette.

PROPERTY RENTAL

When arriving to Luxembourg, rental can be

a good option so you can have a better un derstanding of your surroundings.

RENTAL LEASE AGREEMENTS

Once the accommodation has been found, the

terms of the tenancy are contractualised by a lease. Its formalism is quite flexible. There are no clear guidelines on how to rent a property, unlike in other countries. The landlord may re quest a number of clauses.

Here are a few points of reference:

The amount of the rent is usually an-

nounced excluding monthly charges (electri- city, gas, water, etc.). Be sure to specify the amount of the rent and the amount of additio- nal monthly charges.

The rent may not exceed a maximum of

3.5% of the amount of the investment made

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AGENCY FEES

If you rent a property through a real estate agen

cy, the agency fee is shared 50/50 between the landlord and the tenant. These fees are usually equivalent to one month's rent, plus VAT.

RENTAL DEPOSIT

When signing the lease, you will also have to

pay a rental deposit to the landlord in order to protect the property from potential damages.

The landlord fixes its amount, but it cannot ex

ceed 2 months worth of rent.

You can settle the amount in cash (which the lan

dlord will return at the end of the lease if no da mage has been noted), or via a bank guarantee.

The latter option will save you from heavy

expenses.

Ask your bank for more information.

PROPERTY PURCHASE

Luxembourg residents own 70% of their

main residency. It is important to note that the tax system on real estate is an incentive to buy.

PROPERTY TAXATION

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As you buy a property in Luxembourg, you must

consider the following fees:

Registration and transcription rights are cal-

culated at the levels of 6% and 1% of the land's value and constructions. Paid at the time of si gning the notarial deed, these transaction fees benefit from a reduction under the Bellegen Akt.

See paragraph on property taxation.

When taking out a bank loan to finance

a new purchase, the owner has to pay a mortgage fee. These are used to guarantee the repayment of the loan. The owner must also take out insurance to cover the risks of death and disability, calculated on the outstanding balance, and pay an administration fee.

As a tenant or owner, occupant or non-oc

cupant, it is strongly advised to take out home insurance. This should cover at least the basic risks, such as fire, storm, water damage, etc.

Home insurance must cover the dwelling, the

quotesdbs_dbs42.pdfusesText_42

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