THE DIFFERENCE BETWEEN A GOOD IMPRESSION AND A GOOD DECISION when buying a residential property in Luxembourg

Where do builders cut costs and what you need to check

Understand the impact of the Energy Pass when living in an apartment in Luxembourg

Potential buyers often tell me they feel pressurised to commit to a purchase. Even in a sluggish market a property could attract 2 investors at the same time but this should not distract you from taking the time to run all that ought to be checked. Walking away is preferable to signing into a bad deal so here are the few points to check out and why. In the last few weeks the local press documented a case in which a new property owner expressed deceit after investing in a buil

"If I had my way I would write the word 'Insure' upon every door of every cottage …, because I am convinced that with sacrifices which are inconceivably small, families and estates can be protected against catastrophes which would otherwise smash them up for ever.” These are the words of Winston Churchill, words, which still ring true nowadays. So here is a general outline of the main aspects to be considered when seeking a property insurance coverage. LET’S START WITH THE JA

Here’s, in 3 words, the exact process I use to look for a property for my clients: We all hear the slogan but what does it really mean for you when looking for a place to live? - A safe neighbourhood ? - A town close to the capital city ? - A place popular with resident profiles similar to yours ? We introduce to you another argument …the search triangle. If you are a family with young children, And, You know where you will work, You know which scho

Sometimes real estate transactions take place between the vendor and the buyer without the intervention of an estate agent. For the buyer there is an assumed advantage that the selling price will be reduced by the value of the commission that the vendor does not have to pay to the agent even if, realistically, this is never the case. Moreover, the buyer has to rely on the vendor to be truthful with the information he/she provides. Any deviation – even involuntary – will not b

In this one case, the buyers had invited me to visit a three-bedroom duplex that uh they wanted to buy. They were ready to sign a sale agreement at the end of my visit because they had already seen this property twice. Unfortunately, what I saw was not a three bed duplex, but a one-bedroom apartment with a natic that had been converted into two rooms. The conversion had been realized without authorization and there is no way this conversion would have been authorized by the c

Clients of mine asked me to visit a property they had fallen in love with. The apartment was presented with a terrace and the outdoor space looked absolutely fantastic. You could imagine yourself spending many happy hours by the barbecue. There was just a tiny problem. The terrace did not belong to the seller. So you're going to tell me the noty would have unheard this. Yes, that's right. But by then the buyers would have had already committed to buying an apartment with a te

It's essential to check the habitable square meters that are advertised for any given property because the listing prices, the market prices, and other property references are all referring to habitable square meter. Habitable square meter are found in rooms in which we you would spend time like bedrooms or living rooms. There are no habitable square meter in sellers, garages or outside the building itself. In one instance, I found out that the property I was investigating fo

Possible red flags when evaluating a property

What building renovation work will you pay for as a new property owner ?

When visiting a property for sale in Luxembourg, what to check, what to ignore and what should trigger alarm bells

Are you patient? As soon as the offer you make on an existing property is accepted, you sign the Sales Agreement, you apply for a loan (if necessary) and a few weeks later, you can sign the Deed of Sale and receive the keys. When you buy off plan, you have a long wait ahead of you. Not only do you have to wait for the property to be built, but sometimes you also have to take into account the building permit process and infrastructure preparation. Real estate developers are

5 tips to save time when searching online for a property in Luxembourg

You are young and you have an enviable professional career 😒 You have started putting money aside but your savings are not sufficient for the down payment on a property 😟 Your borrowing power is not sufficient either 🤔 Have you thought about buying a property with co-investors? A few tips for your search ! Look for a property 1️⃣ in a neighbourhood that is cheaper than most 2️⃣ with public transports close by 3️⃣ in which there is no renovation work to be done

My clients asked me to express a view on the purchase of a property advertised as a beautiful 3 bedroom duplex. Beauty is very subjective so let’s not discuss this aspect. Let’s focus on everything I HIGHLIGHTED to my clients … there is enough to say there …. - 2 of the 3 bedrooms did not qualify as such as they are too small, - The duplex exists only on the brochure; the land registry recorded it as an apartment with an attic, - The attic was converted with

This fund will be mandatory and effective from August 1, 2023. It replaces the old reserve fund but remains intended to set aside a fund for future work in the apartment blocks. Each property management company will remain responsible for its creation and management. It will continue to identify the work needed in the near future and will collect from each owner a sum which will be calculated at minimum according to the thermal insulation class and the m2 identified on the En