Questions and Answers for Luxembourg
What are real estate prices in Luxembourg?
On the secondary market, 1 sq.m in residential buildings and villas costs from 8 to 10 thousand euros. Luxembourg real estate prices in new buildings are higher - from 12.5 thousand euros per sq.m. A three-bedroom apartment can be purchased for 900,000 - 1,300,000 euros, an apartment outside the capital - for 650 thousand euros.
In which areas do people most often buy real estate in Luxembourg?
Kirchberg is very popular among foreigners in Luxembourg: they make up 73.8% of its population. The elite Belair district is also in demand, as are the districts of Limpertsberg, Merl and Pfaffenthal.
What is included in the package of documents required for the purchase and sale of housing?
Those wishing to buy real estate in Luxembourg must prepare:
- a preliminary agreement that acts as a guarantee for the completion of a transaction;
- foreign/domestic passport;
- documents confirming both the availability of funds and their legality (salary certificate, bank statement, etc.).
Are foreigners allowed to buy residential properties?
Foreign citizens can buy housing in Luxembourg, as well as other real estate, there are no restrictions for them.
