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.

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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
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Brexit boosts Luxembourg’s real estate prospects

The city for the first time entered the ranks of the most attractive cities in Europe, claiming ninth spot in an annual real estate forecast published jointly by the Urban Land Institute and PwC.
Luxembourg has been ranked in the top 10 cities in Europe for real estate investment and development in 2018, amid expectations it will benefit from Britain’s departure from the EU.

The city for the first time entered the ranks of the most attractive cities in Europe, claiming ninth spot in an annual real estate forecast published jointly by the Urban Land Institute and PwC.

Brexit underpinned Luxembourg’s place in the rankings, according to the report, which is based on a survey of 800 real estate professionals in Europe.

We see Luxembourg as a very attractive alternative for London. You can already see increasing construction activity there since the Brexit vote,” a Swiss investor said in the survey.

The city’s strong financial sector, its growing economy and major investments in industrial sites, data centres and logistics were all cited as positives.

However, the report said the city is expensive to live in and there are concerns around infrastructure capacity due to a lack of residential, retail and schools planned to accommodate an influx of new businesses.

Real estate investors also find it “hard to place capital” into Luxembourg and yields are low for a small market.

Yields for the best office buildings in prime districts like Kirchberg and Cloche d’Or stand at 4.35%, while in secondary locations in the suburbs yields are between 5% – 6.75%.

The Grand-Duchy’s capital was also ranked fourth overall for an expected increase in rents and capital values in 2018.

London, on the other hand, was expected to see a fall in values on both counts and was ranked 27th overall.

“There is not a lot of tangible evidence of Brexit’s impact on the markets we play in – except in Luxembourg,” said the head of real estate at a European insurance group.

POWERPOINT CLEF FILE3 FIND A PROPERTY

 

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
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All rights reserved. –
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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

Les chiffres de l’immobilier en 2017 au Luxembourg:

Les chiffres de l’immobilier en 2017 au Luxembourg:

  • Loyer mensuel moyen d’un appartement au Luxembourg: 1 412 euros
  • Prix moyen moyen d’un appartement: 425 628 euros
  • Prix moyen d’une maison: 704 576 euros
  • Prix au m2 à Luxembourg-ville: 7  114 euros/m2
  • Immobilier neuf:  47% des appartements neufs sont à Luxembourg-ville

Les prix moyens présentés ci-dessus sont issus de  atHome Magazine – octobre 2017, et se basent sur les prix affichés dans les annonces publiées sur atHome.lu entre septembre 2016 et septembre 2017.

**CHERCHONS POUR NOS CLIENTS A LUXEMBOURG APPARTEMENTS, MAISONS ET TERRAINS**

A VENDRE

APPARTEMENTS, STUDIOS, MAISONS, VILLAS, TERRAINS, DUPLEX, PENTHOUSES, ET MAISONS DE RAPPORT.

A LOUER

APPARTEMENTS, STUDIOS, MAISONS, VILLAS, DUPLEX ET PENTHOUSES

AU LUXEMBOURG CENTRE ET ALENTOURS PROCHES ET COMMUNES LIMITROPHES.

AUSSI NOUS VOUS PROPOSONS :

1. ESTIMATION REELLE

2. VENTE RAPIDE

3. OU ACHAT EVENTUEL PAR NOTRE SOCIETE

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

☆☆☆ TO LET // A LOUER☆☆☆ BELLE MAISON 4 CHAMBRES SUR LES HAUTEURS DE STEINSEL, AVEC VUE INOUBLIABLE SUR LA VALLÉE DE L’ALZETTE

Rez de chaussée

– Hall d’entrée
– Living / Cheminée
– Cuisine équipée séparée
– WC séparé
– Balcon/terrasse

1er étage
– 2 chambres à coucher ( 12m2, 12m2)
– Salle de douche
– 1 chambre parental (18m2) / Salle de bain 

Sous-sol
– Chambre à coucher 11m2
– Salle de douches / WC
– Caves
– Buanderie
– Chaufferie
-Garage 

Jardin

Caractéristiques : 
Maison libre des 4 côtés / Vues magnifiques au-dessus de la vallée de l’Alzette / Très lumineux / Jardin / Terrasse / Garage 2 voitures 

Environnement : 
Rue calme et sans issue, à l’orée d’un grand bois et de la nature (Steeseler Plateau)

Commodités : 
400 mètres de l’école précoce, maternelle et primaire de Steinsel / a 600 mètres du centre de Steinsel / commerces / transports en commun (ligne 10 de la Ville de Luxembourg) / a 16 minutes du Kirchberg (viaNordstrooss) / à 20 minutes de Luxembourg-centre (via Beggen) / à 10 minutes de Mersch / Ecole Européenne : navettes directes vers Kirchberg (EE1) et Mamer (EE2).


**CHERCHONS POUR NOS CLIENTS A LUXEMBOURG APPARTEMENTS, MAISONS ET TERRAINS**

A VENDRE

APPARTEMENTS, STUDIOS, MAISONS, VILLAS, TERRAINS, DUPLEX, PENTHOUSES, ET MAISONS DE RAPPORT.

A LOUER

APPARTEMENTS, STUDIOS, MAISONS, VILLAS, DUPLEX ET PENTHOUSES

AU LUXEMBOURG CENTRE ET ALENTOURS PROCHES ET COMMUNES LIMITROPHES.

AUSSI NOUS VOUS PROPOSONS :

1. ESTIMATION REELLE

2. VENTE RAPIDE

3. OU ACHAT EVENTUEL PAR NOTRE SOCIETE

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

Pas de rush en vue du Brexit

Ce n’est pas le «rush», mais les premières demandes liées au Brexit se font sentir sur le marché immobilier, indique JLL dans son rapport trimestriel

JLL a diffusé ce vendredi son rapport trimestriel du  marché de bureaux. Un troisième trimestre marqué par une prise en occupation de 26.029m2, selon le cabinet, contre 46.844 à la même époque il y a un an, et une moyenne sur les cinq dernières années de 44.570m2.

Une baisse qu’explique JLL par une taille plus réduite dans les transactions opérées, et surtout l’absence de transactions concernant des propriétaires occupants. 30% des transactions se sont concentrées dans le centre-ville, 28% dans le quartier Gare, et 27% dans la périphérie.

Brexit: pas de rush

Quant à d’éventuelles retombées du Brexit sur le marché de l’immobilier de bureaux, le rapport trimestriel du cabinet confirme la tendance déjà observée: un appétit mesuré.

JLL rappelle en effet que deux noms ont officiellement pris une décision, à savoir FM Global, avec 1.202m2 au sein de l’immeuble One on One, etM&G, qui a pris 728 mètres carrés dans l’immeuble Carrefour du centre-ville, site du nouveau siège de SGBT.

«Plusieurs des institutions financières qui ont choisi Luxembourg comme nouveau hub européen ont déjà une présence dans le pays depuis des années», comme le précise JLL. «Il n’y aura donc pas d’arrivée massive de staff au Luxembourg suite au Brexit.»

JLL n’exclut toutefois pas d’autres arrivées en cas de «hard Brexit», par exemple avec Citi, qui pourrait relocaliser ses équipes de private bankingpour faire du Luxembourg un hub européen. Le déménagement du siège de l’Autorité bancaire européenne au Luxembourg, pour lequel le Grand-Duché est en compétition avec d’autres villes, fait aussi partie des transactions potentielles.

L’administration en demande

À noter que sur les neuf premiers mois de l’année, la prise en occupation s’élève à 172.573m2, soit une hausse de 2% comparé à la même période l’an dernier. Ce qui ouvre la voie vers un nouveau dépassement de la barre des 200.000m2 à la fin de l’année.

Paradoxalement, pointe JLL, la part des banques est plus basse que d’habitude, avec 18% contre 38% l’année dernière. L’administration est en revanche demandeuse d’espace, avec 25% des prises en occupation, contre 5,5% de moyenne sur cinq ans.

 

**CHERCHONS POUR NOS CLIENTS A LUXEMBOURG APPARTEMENTS, MAISONS ET TERRAINS**

 

 

A VENDRE
APPARTEMENTS, STUDIOS, MAISONS, VILLAS, TERRAINS, DUPLEX, PENTHOUSES, ET MAISONS DE RAPPORT.
A LOUER
APPARTEMENTS, STUDIOS, MAISONS, VILLAS, DUPLEX ET PENTHOUSES
AU LUXEMBOURG CENTRE ET ALENTOURS PROCHES ET COMMUNES LIMITROPHES.
AUSSI NOUS VOUS PROPOSONS :
1. ESTIMATION REELLE
2. VENTE RAPIDE
3. OU ACHAT EVENTUEL PAR NOTRE SOCIETE

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

carrefour_m3_architectes

 

 

** A LOUER ** MAGNIFIQUE APPARTEMENT DUPLEX 2 CHAMBRES LUXEMBOURG (PFAFFENHAL) NOUVELLE CONSTRUCTION)

Descriptif :
1 hall d’entrée
1 cuisine équipée ouverte
1 salle à manger / 1 séjour
1 WC séparé / lave-mains
2 chambres / dressing
1 salle de bain / douche italienne et baignoire / WC

1 cave
1 buanderie commune

Caractéristiques :
Splendide duplex 2e étage 120m2 / Ascenseur / Moderne /Très lumineux / Finitions haut de gamme / Triple vitrage / Velux salle de bain / Volets électriques / Interphone / Chauffage au sol / Ventilation mécanique contrôlée / Facilités de parking (devant l’immeuble)

Environnement :
Un affluent de la Sûre / Sur la liste du patrimoine mondial de l’UNESCO / Proche du pont Grande-Duchesse Charlotte

Commodités :
Nouvel ascenseur / Kirchberg : 1km / Luxembourg Ville : 1km / Transports en commun / École

http://yous.lu/fr/for-rent/vsc-cca-lu003424-magnifique-appartement-duplex-2-chambres

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

MIR SCHWÄTZEN OCH LËTZEBUERGESCH