The cost of housing in Luxembourg reflects the overall level of wealth within the Duchy of Luxembourg, however rental properties are often difficult to source, especially in Luxembourg City. Over half of Luxembourg’s employment force commutes from Belgium, Germany or France every workday, where housing costs are cheaper.
Ownership of housing in Luxembourg is becoming a popular option; with around 75% of Luxembourg nationals owning their own homes, with many building their homes on purchased plots of land.
If moving to Luxembourg for a time period under 5 years, renting will most likely be the easiest and most economic way forward for housing in Luxembourg. It also provides the solution for those who don’t want the hassle or expense or restrictions applied to purchasing property. Even if you are going to live indefinitely within a certain region, it is always advisable to start off in rented accommodation, at least until a grasp is held of local legalities surrounding the buying and owning of property.
Properties for rent can often be difficult and costly to find, even more so at short notice. Rental prices are usually quite high, however the expatriate community is a good source for cost effective properties available, especially if you want to avoid fees from estate agents (which can be in excess of three months rent). Estate agents are open limited hours per week with incredibly few open during weekends.
Finding Housing in Luxembourg
If you do end up using an agency to find housing in Luxembourg, make sure you keep a note of the property viewed, this saves you paying two agency fees if two agencies take you to the same property. Unfortunately, ‘sign hunting’ won’t prove fruitful in Luxembourg as landlords and property owner’s very rarely post signs in windows of properties on the market.
The vast majority of property and housing in Luxembourg is rented unfurnished, meaning all you receive is literally the kitchen sink with very little else. You are normally required to bring your own carpets, curtain rods, curtains, most kitchen appliances and light fittings. It is possible to arrange to purchase the previous tenants appliances and fixtures should you view the property while they are still residing there.
Furnished rental properties are sometimes available but prices can be painfully expensive, however everything (even dishes and crockery and bed linen) are provided for you. If opting for a furnished apartment or house, ensure that you are aware of who is liable for insurance of the contents.