YES, IT IS POSSIBLE TO BUY A HOUSE WITH BITCOINS

While the popularity of Bitcoin continues to grow, some industries, such as real estate, are capitalizing on this emerging trend. As a result, more and more of them are taking over Bitcoin transactions.

And some real estate sites are now dedicated to this method of payment, as it will be soon for YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.,Commercial and Residential Real Estate Group.

Also many real estate transactions have already been settled in Bitcoin currency.

In New York City, we have already seen sales of homes and apartments exchanging Bitcoins, and it’s only a matter of time before we can also afford commercial spaces with virtual currency.

Volatility that can lead to a few surprises

Despite the uncertainties surrounding the Bitcoin market, some of the tech savvy investors and real estate agents seem, for the moment, ready to take risks related to a change in the price of cryptocurrency.

We invite you to follow us in our efforts to create this new market in Luxembourg.

 hello@yous.lu

YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.

Commercial and Residential Real Estate Group

You can find further information on our website www.yous.eu or under our blog https://yousrealestatenews.com

Bitcoin.jpg

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76/78 Grand-Rue L-1660 Luxembourg
+352 691 22 57 57 OU 27 47 81 41
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Do you plan to sell soon? Your home requires a little cost? Here are three ideas to add value to your home, without having to break the bank.

Clearly, it’s about investing smartly, spending small amounts on jobs that can earn you much more. But what are the areas to be treated first?

Efficient and maintained chassis

This is one of the first criteria for potential buyers, in general: does the house have powerful chassis and well maintained? If you do not have double glazing, consider investing. Not only will your home be more attractive to buyers, it will also require less energy, which will impact both your portfolio and the EPB (Energy Performance of Buildings) certificate. If you have wooden frames, consider giving them a touch of new via a paint or stain: you will extend their life and the appearance of your home will benefit from this youthfulness.

Repaint the facade

This is obviously the first element that potential buyers will see. A small roll is not necessarily very expensive, even if you use a team of professionals, and the result will transform the appearance of your home. Think about it! If your facade is brick, clean it thoroughly, or ask the pros to sand it if it is too advanced.

Kitchen and bathroom

The kitchen is the center piece of the house. It is also a play whose importance is ever more important. So of course, redo a kitchen from A to Z, it imposes a consequent budget. But this is usually found in the selling price. If your home allows it, think of the central island communicating with the living room!

The bathroom, a piece of relaxation par excellence, must be the favorite of potential buyers. No need to spend money, but think of a welcoming, clean place that can be quickly heated.

You can find further information on our website www.yous.eu or under our blog https://yousrealestatenews.com

hello@yous.lu

YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.

Commercial and Residential Real Estate

 

Contactez-nous !

76/78 Grand-Rue L-1660 Luxembourg
+352 691 22 57 57 OU 27 47 81 41
Facebook | Twitter | http://www.yous.eu

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We thank you for your continuing interest.

LUX REAL ESTATE OVERVALUED BY 6.85%

The rampant rise of Luxembourg property prices is partly down to an overvaluation, an economist at the BCL, Luxembourg’s central bank, has said.

In a report published on 13.02.2018, Sara Ferreira Filipe found that high residential real estate prices have led to an expansion of mortage credit, “which in turn triggers a further price increase”.

This, coupled with a limited supply and high demand from positive migration, “only partly explains the price dynamics of the residential real estate market in Luxembourg,” she wrote.

The tipping point was a “moderate but continued overvaluation of property prices”. Ferreira Filipe estimated the overvaluation at on average 6.85% since the start of 2012, but says the trend decreased over the last few quarters.

The economist further says that a correction of this overvaluation has been slower in Luxembourg than in other countries “at an average rate of 2.2% of the overvaluation each quarter.”

This, she states, means it will take 31.5 quarters (7.8 years) to reset half of the deviation from the fundamental value.

“In comparison correcting the deviation of mortgage credit from its own fundamentals takes only about a quarter,” the economist wrote, adding: “In sum, the results suggest that an imbalance in the mortgage market is corrected faster than in the real estate market.”

Residential real estate prices rose by 40% in Luxembourg from 2006 to 2016. Latest figures on house prices in Luxemborg

 

recorded a 4.9% increase from the third trimester of 2016 to the third trimester of 2017. A joint report from Statec and Liser found that the average price of a family house reached €649,425, an existing flat €5,002/sqm (+4.7%) and a new flat €6,316/sqm (+6.1%).

hello@yous.lu

YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.

Commercial and Residential Real Estate Group

76/78 Grand-Rue L-1660 Luxembourg
+352 691 22 57 57 OU 27 47 81 41
Facebook | Twitter | http://www.yous.eu

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All rights reserved. –
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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.

 

hello@yous.lu

YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.

Commercial and Residential Real Estate Group

76/78 Grand-Rue L-1660 Luxembourg
+352 691 22 57 57 OU 27 47 81 41
Facebook | Twitter | http://www.yous.eu

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Copyright © 2018 Yous Real Estate Group,
All rights reserved. –
contact@yous.lu

20 most expensive places for expats to rent a home in Europe, 2018 and 2017

Luxembourg City is the 11th most expensive location for rent accommodation in Europe, an annual expat survey has found. 

 

That is down from 9th place last year, according to ECA International, an employee compensation consultancy. The firm said it looked at the cost of renting “an unfurnished, mid-market, three-bedroom apartment in prime areas” of several cities across the globe.

ECA stated that:

“The research compares rental costs in accommodation in areas typically inhabited by expatriate staff in over 240 locations worldwide.”

To carry out its research:

“ECA uses a global network of estate agents, relocation agents and extensive in-house research into worldwide property markets to establish and verify the housing data in the reports.”

In this year’s study, London was by far the most expensive location in Europe, followed by Moscow. A pair of Swiss cities also featured in the top 10.

In addition, ECA reported that:

“One of the highest rent increases in Europe for expats is in Dublin, which enters the top 10 most expensive cities to rent for the first time.”

Eastern European cities such as Prague and Warsaw also saw “sharp increases in rental prices” this year.

hello@yous.lu

YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.

Commercial and Residential Real Estate Group

76/78 Grand-Rue L-1660 Luxembourg
+352 691 22 57 57 OU 27 47 81 41
Facebook | Twitter | http://www.yous.eu

Add us to your address book

Copyright © 2018 Yous Real Estate Group,
All rights reserved. –

contact@yous.lu

Finding a rental property in Luxembourg

 

How to find a property

Supply of housing in Luxembourg is low and demand high. Add to this the astronomical price of land, and you create an expensive landlord’s market.

Deciding on an area

Work and school locations are the two biggest influencers in deciding where you should rent. Whilst public transport is good in Luxembourg, journey times can quadruple during rush hour making even short journeys time-consuming. Check out schools locations and bus/train timetable routes. Generally speaking city centre locations tend to favour apartments whilst the suburbs have far more houses with gardens.

Budget will be a big factor in your location. The average monthly rental cost for an apartment in Luxembourg is 1,378 Euros and for a house 2,357 Euros.

Estate agents

Because it’s a renter’s market, you’ll find you’re chasing estate agents. If you’re coming from overseas for a pre-visit, you can line up house viewings in one day. Expect estate agents to find properties at the top end of your budget.

Remember that notice periods can be 2-3 months, so start your property search in plenty of time. Many estate agencies specialise in specific localities so if you know where you want to live, register with them (you can use the site below which aggregate other agency adverts).

Beyond estate agencies, private rentals are posted on http://yous.lu/en/ which is also an aggregator site. Don’t forget to ask around at work, someone might be moving or renting their property.

It is not impossible to rent furnished apartments but expect most places to be unfurnished, which also means no light fittings. Estate agencies will expect a month’s rent plus VAT in fees.

Utilities

Rental usually does not include gas (or oil), electricity, telephone, broadband, rubbish collection, and water rates, but some city apartments may include these in the rental price. Many properties will list energy ratings and you can ask the current tenants what the utilities cost. Expect to add a couple of hundred a month to your rental costs for these. You can find out about utility suppliers on the AngloInfo site or the Luxembourg government website.

Things to know before you sign

In addition to utilities you may have responsibility for other elements of the property. Contracts can include servicing the boiler, sweeping out chimneys and maintenance of the garden.

Contrat de bail à loyer (rental contract)

Contracts vary, but generally the standard is 3 years with a diplomatic clause. Be aware, that you literally have to leave the country to invoke this. It is getting easier to secure one-year contracts but specify this with the estate agent.

If your rental property includes some utilities, the landlord has the right to reconcile costs at the end of the year and it is not unheard of for people to receive quite hefty gas and electricity reconciliation bills.

Equally, repairs can sometimes take landlords an eon to conduct, so consider adding a clause that states the landlord must repair essentials such as heating, dishwasher or oven within a maximum time limit.

Guichet.lu has details on entering a rental agreement here.

Dépôt de garantie (deposit or bond)

A refundable deposit is usually required in cash or more commonly via a bank guarantee, which is paid into an account in the tenant’s name, but requires authorisation from both parties for money to be released.

A deposit cannot exceed 3 month’s rent and must be refunded minus cost of repairs or service charges within 6 months of the end of the lease – so expect to wait to get it back.

Etats des Lieux (Inventory)

Before or on the day of moving in, your landlord or the agent will go through a rental inventory with you, listing everything included in the property and the state of this. It might be extra stress, but be careful to go through this a room at a time, as you might find you are charged for damage that you didn’t make when you leave the property.

This is also a useful time to check you know how the oven, dishwasher heating, hot water etc work. Gardening equipment such as lawnmowers, and washing machines and curtains are usually not included in the rental.

You will both sign the Etats des Lieux and when you leave your rental property you will both need to sign this again to release deposit funds. For details on the rental inventory from guichet.lu click here.

Insurance

You will be contractually required to have household and fire insurance covering the building, and insurance to cover contents supplied by the landlord such as a fully equipped kitchen. Consider adding parquet floors to the insurance. You will obviously want to ensure your own contents too. The main insurers in Luxembourg are LaLux, and Foyer

Ongoing tenancy

If you have a problem with any of the equipment provided ie heating, dishwasher, oven, you should be able to call the estate agent or landlord directly to fix these.

Most contracts state that the property must be left in the condition you rented it. If your children have left sticky handprints all over the paintwork or scratched the parquet flooring, expect to be charged for these to be redecorated or repaired.

Giving notice

Notice on a rental property must be given usually 3 months before the end of the contract in writing and sent by registered post.

The landlord has the right to show prospective tenants your new property in the final three months. If you want to leave early and can find a tenant who is acceptable to the landlord, you might be able to circumvent the contract. The landlord also has the right to give notice on a property if s/he intends to sell it.

Guichet.lu has information on terminating a lease here. For details of what to do in a conflict, for financial aid and other rental matters click here.How to find a property

Supply of housing in Luxembourg is low and demand high. Add to this the astronomical price of land, and you create an expensive landlord’s market.

Deciding on an area

Work and school locations are the two biggest influencers in deciding where you should rent. Whilst public transport is good in Luxembourg, journey times can quadruple during rush hour making even short journeys time-consuming. Check out schools locations and bus/train timetable routes. Generally speaking city centre locations tend to favour apartments whilst the suburbs have far more houses with gardens.

Budget will be a big factor in your location. The average monthly rental cost for an apartment in Luxembourg is 1,378 Euros and for a house 2,357 Euros.

Estate agents

Because it’s a renter’s market, you’ll find you’re chasing estate agents. If you’re coming from overseas for a pre-visit, you can line up house viewings in one day. Expect estate agents to find properties at the top end of your budget.

Remember that notice periods can be 2-3 months, so start your property search in plenty of time. Many estate agencies specialise in specific localities so if you know where you want to live, register with them (you can use the site below which aggregate other agency adverts).

Beyond estate agencies, private rentals are posted on http://yous.lu/en/ which is also an aggregator site. Don’t forget to ask around at work, someone might be moving or renting their property.

It is not impossible to rent furnished apartments but expect most places to be unfurnished, which also means no light fittings. Estate agencies will expect a month’s rent plus VAT in fees.

Utilities

Rental usually does not include gas (or oil), electricity, telephone, broadband, rubbish collection, and water rates, but some city apartments may include these in the rental price. Many properties will list energy ratings and you can ask the current tenants what the utilities cost. Expect to add a couple of hundred a month to your rental costs for these. You can find out about utility suppliers on the AngloInfo site or the Luxembourg government website.

Things to know before you sign

In addition to utilities you may have responsibility for other elements of the property. Contracts can include servicing the boiler, sweeping out chimneys and maintenance of the garden.

Contrat de bail à loyer (rental contract)

Contracts vary, but generally the standard is 3 years with a diplomatic clause. Be aware, that you literally have to leave the country to invoke this. It is getting easier to secure one-year contracts but specify this with the estate agent.

If your rental property includes some utilities, the landlord has the right to reconcile costs at the end of the year and it is not unheard of for people to receive quite hefty gas and electricity reconciliation bills.

Equally, repairs can sometimes take landlords an eon to conduct, so consider adding a clause that states the landlord must repair essentials such as heating, dishwasher or oven within a maximum time limit.

Guichet.lu has details on entering a rental agreement here.

Dépôt de garantie (deposit or bond)

A refundable deposit is usually required in cash or more commonly via a bank guarantee, which is paid into an account in the tenant’s name, but requires authorisation from both parties for money to be released.

A deposit cannot exceed 3 month’s rent and must be refunded minus cost of repairs or service charges within 6 months of the end of the lease – so expect to wait to get it back.

Etats des Lieux (Inventory)

Before or on the day of moving in, your landlord or the agent will go through a rental inventory with you, listing everything included in the property and the state of this. It might be extra stress, but be careful to go through this a room at a time, as you might find you are charged for damage that you didn’t make when you leave the property.

This is also a useful time to check you know how the oven, dishwasher heating, hot water etc work. Gardening equipment such as lawnmowers, and washing machines and curtains are usually not included in the rental.

You will both sign the Etats des Lieux and when you leave your rental property you will both need to sign this again to release deposit funds. For details on the rental inventory from guichet.lu click here.

Insurance

You will be contractually required to have household and fire insurance covering the building, and insurance to cover contents supplied by the landlord such as a fully equipped kitchen. Consider adding parquet floors to the insurance. You will obviously want to ensure your own contents too. The main insurers in Luxembourg are LaLux, and Foyer

Ongoing tenancy

If you have a problem with any of the equipment provided ie heating, dishwasher, oven, you should be able to call the estate agent or landlord directly to fix these.

Most contracts state that the property must be left in the condition you rented it. If your children have left sticky handprints all over the paintwork or scratched the parquet flooring, expect to be charged for these to be redecorated or repaired.

Giving notice

Notice on a rental property must be given usually 3 months before the end of the contract in writing and sent by registered post.

The landlord has the right to show prospective tenants your new property in the final three months. If you want to leave early and can find a tenant who is acceptable to the landlord, you might be able to circumvent the contract. The landlord also has the right to give notice on a property if s/he intends to sell it.

Guichet.lu has information on terminating a lease here. For details of what to do in a conflict, for financial aid and other rental matters click here.

YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.
76/78 Grand-Rue L-1660 Luxembourg
+352 691 22 57 57 OU 27 47 81 41
Facebook | Twitter | http://www.yous.eu

Add us to your address book

Copyright © 2017 Yous Real Estate Group,
All rights reserved. –
contact@yous.lu

L’imposition de la plus-value immobilière à seulement 1/4 du taux global jusqu’au 31.12.2017!

En matière des impôts directs, le revenu dégagé par la vente ou cession d’un immeuble du patrimoine privé est, en principe, imposable comme revenu net divers feuille D du modèle 100.

Est toutefois exempt de l’impôt sur le revenu, le revenu réalisé par la vente de la résidence principale appartenant au contribuable. Les détails d’une vente ou cession peuvent être déclarés dans le modèle 700. La date de la vente à titre onéreux est la date de l’acte notarié.

La vente est imposable:

1. comme bénéfice de spéculation, conformément à l’article 99bis LIR, lorsque l’intervalle entre l’acquisition (ou la constitution) et la vente ne dépasse pas 2 ans.

Le revenu net divers est égal à la différence entre le prix de vente (de réalisation) et le prix d’acquisition (de revient).
Le taux d’impôt maximal s’élève à 40% (tarif ordinaire).

2. comme plus-value, conformément à l’article 99ter LIR, lorsque l’intervalle entre l’acquisition (ou la constitution) et la vente dépasse deux ans.

Le revenu net divers est égal à la différence entre le prix de vente et le prix d’acquisition réévalué (par multiplication avec le coeeficient correspondant au tableau reproduit à la page 3 du modèle 700).

Le taux d’impôt maximal s’élève à 10% (quart du taux global) pour les revenus réalisés au cours de la période allant du 1er juillet 2016 au 31 décembre 2017 et à 20% (demi-taux global) pour les autres.

Confiez la vente de vos biens immobiliers à YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP Luxembourg et profitez de notre savoir-faire!

YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.
76/78 Grand-Rue L-1660 Luxembourg
+352 691 22 57 57 OU 27 47 81 41 ou hello@yous.lu
Facebook | Twitter | http://www.yous.eu

Add us to your address book

Copyright © 2017 Yous Real Estate Group,
All rights reserved. –
contact@yous.lu

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