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Luxembourg – Buying Property

Legal Restrictions on the Ownership or Sale of Property by Foreign Nationals in Luxembourg

In Luxembourg, foreign nationals are allowed to own and purchase property in the country. However, there are some restrictions on the purchase of agricultural land, which must be approved by the government. Also, if a foreign national wants to buy a property in protected area, an authorization from the government is required.

Average Property Prices in Luxembourg and Variations by Region

The average property price in Luxembourg varies depending on the location and type of property. According to the National Institute of Statistics and Economic Studies, in 2021, the average price of a house in Luxembourg was around €360,000. Prices in the capital city of Luxembourg City tend to be higher than in other regions, with properties in more affluent areas such as Luxembourg City center, Kirchberg, and Belair costing more than properties in less developed areas.

Popular Locations for Property in Luxembourg

Luxembourg City, Kirchberg and Belair are currently the most popular locations for property in Luxembourg. These areas are well-developed and have a wide range of amenities, including shopping centers, restaurants, and parks. They are also relatively close to the city center and have good transportation links.


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Upcoming Areas in Luxembourg for Property Investment

In Luxembourg, there are new developments in areas such as the city of Ettelbruck, Diekirch, and Esch-sur-Alzette. These areas are expected to have a wide range of amenities and infrastructure when completed, making them attractive options for property investment.

Trends in the Property Market in Luxembourg

The property market in Luxembourg has been stable in recent years, but there are indications that it may be starting to pick up. The government’s plans to develop new areas and increase infrastructure investment are expected to boost demand for property. Additionally, the trend of remote working has led to an increase in demand for properties with more space and amenities.

Buying Property as an Investment in Luxembourg

Buying property in Luxembourg can be a good investment, as the country has a stable economy and a growing population. Additionally, Luxembourg is a major financial center and attracts a lot of expats and foreign workers, which drives the demand for properties. However, it’s important to consider the location, the type of property and the legal restrictions before making a decision.

Common Property Types in Luxembourg

The most common property types in Luxembourg are apartments, townhouses, and detached houses. Apartments are particularly popular in more urban areas, such as Luxembourg City, Kirchberg and Belair, while detached houses are more common in suburban areas. Additionally, there are a lot of new developments in Luxembourg that offer a variety of property types such as duplexes, penthouses, and serviced apartments.

Typical House Buying Procedure in Luxembourg

  1. Finding a Property: The first step in buying a property in Luxembourg is to find a suitable property that meets your needs and budget. This can be done through real estate agents, online property portals, or by searching for properties on your own.

  2. Surveys/Inspections: Once you have found a property that you are interested in, it is important to have it inspected by a professional. This can include a building inspection, pest inspection, and a survey of the property’s boundaries. These inspections will help you to identify any potential issues with the property and give you a better understanding of its condition.

  3. Making an Offer: After you have completed the inspections, you can make an offer on the property. This should be done in writing and should include the purchase price, any contingencies, and the terms of the sale.

  4. Notary: A notary is required for buying a property in Luxembourg. The notary will carry out a search on the property and ensure that the title is clear, that all taxes and charges have been paid and that the property is legally sound.

  5. Exchange of Contracts: Once the seller has accepted your offer, the next step is to exchange contracts. This is a formal agreement between the buyer and seller that sets out the terms of the sale. The contract should be signed by both parties and include all the details of the sale, such as the purchase price, closing date, and any contingencies.

  6. Closing: The final step in the buying process is the closing. This is when the buyer pays the purchase price and the property is transferred to the buyer’s name. The notary will handle the transfer of the title and the payment of the taxes.

Finding a Reputable Lawyer

When buying a property in Luxembourg, it is important to work with a reputable lawyer. The following are some tips on finding a reputable lawyer:

  • Ask for recommendations from other expats or real estate agents.
  • Check the lawyer’s qualifications and experience.
  • Look for a lawyer who is a member of a professional organization such as the Luxembourg Bar Association.
  • Compare fees and services offered by different lawyers.

The Luxembourg Bar Association is a professional association for lawyers in Luxembourg. Its website is http://www.avocats.lu/

Pitfalls and Problems

Expats may encounter the following problems when buying a property in Luxembourg:

  • Lack of understanding of the local laws and regulations
  • Limited information about the property
  • Difficulty in getting a mortgage
  • Language barriers

Purchasing Property Through a Company

It is possible to purchase property through a company in Luxembourg, but it’s not commonly done. The main advantage of purchasing a property through a company is that it can provide anonymity and limit personal liability. However, it’s more complex and typically more expensive than purchasing property as an individual. It’s best to consult a lawyer and consider your options carefully before making a decision.


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