Chinese are buying up Luxembourgish apartments and buildings, which makes renting even worse

Luxembourg as a prime example of stability.

Our country is an Eldorado for international real estate investors: it stands for legal security, political stability and a strong economy – a seemingly safe haven in turbulent times around Brexit, Trump, Putin and Co.
“For foreign buyers there is nothing better than the tenant who pays reliably,”.  The low interest rates that large investors are pushing into real estate do the rest. Among the buyers, a group stands out next to Americans: rich Chinese.
The increasing numbers of wealthy people in the People’s Republic and the growing middle class are looking for investment goals. But locally prices have gone up in the sky. In Beijing and Shanghai apartments cost more than 10,000 euros per square meter in the center, in the top will be 15,000 to 18,000 euros due. By contrast, Luxembourg still offer real bargains.


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