There has been a high demand for the
Luxembourg Real Estate in the recent years owing to the financial growth of Luxembourg. Luxembourg is regarded as the capital to control the European monetary policy. The non-business people are also attracted to own a property in Luxembourg because of the natural beauty of Luxembourg. The foreign residents have been buying
Luxembourg real estate in big numbers. An excess of 30% of Luxembourg population is composed of foreigners. The Government of Luxembourg has held no restrictions on the ownership of real estate in Luxembourg.
There are a number of real estate agents in Luxembourg, who help in finding a property in the country for the foreigners. The different ranges of properties, that are on sale in Luxembourg include:
- Commercial property
- Apartment
- Condo or co-operative farm
- Mountain property
- Family home
- Luxury home
- Seashore properties
- Temporary or summer housing
- Townhouse
- Rehearsal studio
- Office space
- Retail space
- Storage space
Few of the registered Luxembourg real estate agents are:
- Marina Estate
- Knight Knox International
- Landlord
- David Stanley Redfern Limited
- Property Frontiers
The interested buyers can also contact the Embassy of Luxembourg to find the assistance in buying properties in Luxembourg.
The buyers or sellers in Luxembourg need to conclude a deal by a written agreement. The law of Luxembourg governs the sales agreement contract. The sale deeds need to be registered under the observation of the public notary. The duty charges are to be paid by the buyers within 15 days of signing the contract. The property registration fees imposed on the buyers are 6%, excluding the 1% transcript tax, on the acquisition price.
