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

Add us to your address book

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

FORMULA 1 GRAND PRIX DE FRANCE 2018// RENT OUR STUNNING PROPERTY NEXT TO THE CIRCUIT

FORMULA 1 GRAND PRIX DE FRANCE 2018

Circuit Paul Ricard | Le Castellet, France

Dates:

22 June Friday (Practice)
23 June Saturday (Qualifying)
24 June Sunday (Race)

Located in the South of France at the Circuit Automobile Paul Ricard, the Formula 1® Grand Prix de France 2018 will be returning after a 10-year stint off the Formula 1® calendar.

YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.
HAS THE PLEASURE OF RENTING YOU FOR THIS UNIQUE PERIOD (10) DAYS A STUNNING VILLA IN LE CASTELLET, WITH SWIMMING POOL, SEA VIEW, HELICOPTER LANDING STRIP, AND THIS JUST 30 MINUTES BY DRIVING FROM THE FORMULA 1 CIRUIT PAUL RICARD.

 

FOR MORE INFORMATIONS: http://www.yous.lu/fr/for-rent/fr003443-magnifique-villa-de-charme-avec-piscine-vue-sur-mer-occasion-grand-prix-de-france-formule-1-le-castellet-juin-2018

 

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

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

Add us to your address book

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

DEVELOPER MOOTS MONORAIL TO SOLVE TRAFFIC IN LUXEMBOURG

The head of a construction firm has submitted a petition to build a monorail linking the capital to four towns, including three over the border, in a bid to reduce traffic.

 

Guy Rollinger’s petition 921 calls for the creation of a zero emission Ecorail, built along railway tracks to Esch-sur-Alzette, Arlon, Trier and Thionville. Construction of the new means of transport, he writes, would not impact existing public transport or require purchase of land.

He justifies the project by pointing out that over 180,000 cross-border workers come to Luxembourg each day. The traffic problems generated by their movements as well as the journeys of residents “are getting more dramatic every day,” he writes. He says the routes proposed would have to be studied further.

In case anyone questions whether Mr Rollinger is not simply looking to make work for his own construction group, he concludes that his motivation is simply to “offer ideas to combat problems facing the Luxembourg population, without bringing any profits.”

It is not the first time the idea has been mooted. In a French proposal (2015) to build a Thionville-Luxembourg City monorail link was dismissed by the infrastructure ministry, a spokesperson for which said that its long-term development programme did not have

space for such extras.

Intitulé de la pétition:

Le Monorail (Ecorail) : la solution innovante pour mettre un terme aux embouteillages sur nos autoroutes

But de la pétition:

Construire des lignes monorails (Ecorail) surélevées entre les voies de l’autoroute, sur des poteaux, capables de passer au-dessus d’infrastructures comme les ponts. Il est également possible de construire des piliers pour le Monorail sur le tracé des voies ferrées. Ces lignes Ecorail sont parfaitement compatibles et en aucun cas en concurrence avec les moyens de transport en commun existants, tout en les complétant. Le but de la pétition est de mettre en place un nouveau moyen de transport ; – écologique : zéro émission car électrique, pas d’abattage d’arbres, faible émission sonore (sur pneumatique donc silencieux), intégration harmonieuse dans le paysage et dans le tissu urbain, design élégant et moderne – économique : aucun achat de terrains, ni expropriation, construction à moindre coût, construction rapide, coûts de maintenance réduits, effet positif sur ie tourisme et sur l’économie nationale – sûr : infrastructure à 2 voies, dérailiement impossible, pas de carrefour, pas d’entrave à la circulation routière, pas de risque d’accidents impliquant des piétons et autres moyens de transports

Motivation de i’intérêt générai de la pétition:

Près de 180.000 frontaliers résidant en France, en Allemagne ou en Belgique utilisent les routes et autoroutes luxembourgeoises pour à la fois quotidiennement se rendre au travail et rentrer au domicile. Il s’agit du flux de travailleurs frontaliers le plus important au sein de l’Union Européenne. A cela, s’ajoutent les 220.000 résidents et les 100.000 étudiants. Les problèmes de circulation au Luxembourg deviennent chaque jour plus dramatiques. Nos autoroutes sont embouteillées tous les jours même en dehors des heures de pointes. Selon une étude récente, ces embouteillages occasionnent un stress inutile et des pertes économiques à hauteur de 150 millions d’euros par jour ! Mais pour chacun de ces problèmes, il existe une solution, une vraie alternative ; l’Ecorail ! Proposer un moyen de transport, attractif, abordabie, connecté au Tram qui dessert la Ville de Luxembourg, afin d’assurer une meilleure mobilité sur les autoroutes luxembourgeoises. Les lignes possibles pour l’Ecorail (mais encore à étudier) sont : – Esch à l’une des gares du Tram (autoroute A4) : – Arlon à l’une des gares du Tram (autoroute A6) ; – Trêves à l’une des gares du Tram (autoroute Al) ; – Thionville à l’une des gares du Tram (autoroute A3). L’Ecorail pourrait être parfaitement élaboré, réalisé et exploité par un organisme étatique qui ne répond qu’à l’intérêt général. La société privée qui soumet ce concept a pour seule philosophie d’apporter des idées aux problèmes rencontrés par la population luxembourgeoise sans rechercher un quelconque profit.

Dépôt: le 08.12.2017 à 17:05 Pétitionnaire: Guy ROLLiNGER

 

 

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

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

EcoRail La solution pour notre mobilité future au Luxembourg

03

 

Mission

Le ECORAIL est la réponse la plus appropriée aux problèmes de mobilité entre Luxembourg ville et Esch-Belval.

Non seulement le dés-engorgement des routes est garanti par le transport prévisionnel de plus de 120.000 frontaliers par jour, mais il constitue une alternative verte car il n’émet aucun gaz carbonique.

De plus, il s’intègre parfaitement dans le paysage sans imposer d’expropriation, et pour un coût raisonnable.
C’est aussi une solution qui allie économie d’énergie et de coût, qui assurerait la relance économique du pays, renforcerait le bilan écologique du pays, tout en garantissant un transport confortable et efficace.

 

Quelques avantages :

  • Pas besoin d’expropriation
  • Pas d’acquisition de terrains
  • Faible émission sonore (moins que l’autoroute)
  • Faible perturbation de l’environnement
  • Possibilité de compensation énergétique par énergie alternative
  • Relance de l’économie nationale
  • Créations d’emplois
  • Désengorgement de l’autoroute
  • Construction rapide
  • Pas de carrefour supplémentaire
  • Diminution du risque d’accidents routier
  • Zéro émission de CO2
  • Pas de gaz d’échappement

 

 

hello@yous.lu

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

New ArcelorMittal HQ coming to Kirchberg

Winning design by French architects Wilmotte & Associés is for ‘transparent’ building using steel made in Luxembourg.

A 16-floor building – half of which will be offices, the other public space – to serve as ArcelorMittal’s global headquarters is to be built in Kirchberg.

Announcing the plans on Wednesday, the world’s leading steel company will build on a 7,273 square metre site near the Philharmonie.

Around 3,500 sq m will become offices, and the remaining space will be used for a woodland garden, public restaurant and auditorium.

ArcelorMittal CFO Aditya Mittal described the project as an “iconic building” that would be a “showcase for steel”.

The winning design by French architects Wilmotte & Associés is a transparent building using steel made in Luxembourg.

It will have a suspended garden hanging above the centre, where the public will be able to walk along the corridors linking both ends.

ArcelorMittal will occupy around 40% of the building, set for completion by 2021. The rest will be leased out to tenants.

“One of the key things about this building that was important to us was it should be a showcase for steel and a place where the public can enjoy its use and be a great place to work,” Mittal said.

“We want the building to be part of life in Kirchberg.”

The design, selected by a jury, was chosen for its use of visible steel in the design, its sustainability and “contribution of high-quality space”.

Half of the space allocated for the site will be public space, which people can access at any time.

Architect Jean-Michel Wilmotte said the building was “unique” due to its location in the European quarter, its 50% allocation for public use through the restaurant and auditorium and the use of steel as the main component.

Between 5,000 and 7,000 tonnes of steel will be used.

Mittal declined to give an indication of the budget for the building, saying only that it was a “financially appropriate transaction”.

New ArcelorMittal HQ coming to Kirchberg