The decision's made - you're moving to Luxembourg! But before you pack your bags, you still have a lot of questions. What about the real estate market? How do lease contracts work? How long is the notice period? What budget should you allocate to housing, and what insurance should you take out?
How much does it cost to rent in the Grand Duchy?
Thanks to the rent simulator set up by the Luxembourg government, you can easily evaluate rental prices in Luxembourg.
Rents on the rise in Luxembourg
In July 2023, for example, average prices in Luxembourg City are €1,000 per month for a 30 m2 studio apartment without parking. A two-bedroom apartment will cost you €1,700 a month. A 3-bedroom apartment represents a budget of €2,400 per month for 100 m2. An additional €300 is required for indoor parking.
It's worth noting that prices vary depending on the locality. The most affordable rental areas in luxembourg are in the south of the city, with the Cessange district, in the north with Beggen and in the east with Hamm. If you want to get closer to the center, the Bonnevoie and Hollerich districts may be a good compromise. Find out more about the Luxembourg real estate market.
How much should you spend on accommodation in Luxembourg?
To calculate your housing budget, you need to take into account the monthly rent and add the monthly charges. These cover building maintenance and, depending on the rental, expenses for water, heating, electricity, etc.
Don't forget to add the cost of the security deposit paid to the landlord to guarantee the upkeep of your new home. The amount is set at 3 months' rent (excluding charges) for furnished accommodation, and 2 months' rent for unfurnished accommodation. This amount must be advanced to the landlord, and will be returned to you at the end of the lease if the apartment is in good condition and you have still paid your rent. Find out more about renting in Luxembourg.
You'll also need home insurance. The landlord will ask you to provide proof of rental liability insurance. Luxembourg law requires tenants to insure the property in their home with appropriate home insurance.
Contact our insurance partner AXA. After asking a few questions about your future home, you'll be given an insurance certificate to show your landlord when you move in.
How do you find your ideal home in Luxembourg?
Call in the real estate specialists
Just starting your house-hunting in Luxembourg? Bear in mind that the market is tight, and you'll need to do everything you can to keep it that way.
To help you do just that, there are a number of advertising sites and real estate agencies to make your job easier. There's no shortage of real estate agencies in the Grand Duchy. But their services come at a price. You'll have to pay a commission of one month's rent excluding charges (+17% VAT) if you go through an estate agency.
So don' t hesitate to activate your network and search on social networks . Facebook, for example, is overflowing with groups of expats who, when they leave their apartment or room, communicate directly on the online platform.
Consider sharing a flat in Luxembourg
With property prices and rents on the rise, more and more newcomers to Luxembourg are opting for shared accommodation.
In fact, landlords are redesigning 5-bedroom houses with a view to offering them as shared flats. Whereas a few years ago, shared accommodation was rarely offered, young singles can now find lower rents and a larger surface area by opting for shared accommodation. The advantage of this solution is that you can settle into your new environment more quickly.
What do I need to know about the lease contract?
You've finally found the property of your dreams. But what about the rental lease? To sign the lease contract, you'll need at least your ID, your last 3 payslips and/or your employment contract.
In Luxembourg, rental leases are normally for 3 years. It may be renewed 3 months prior to expiry. If you leave the property before the end of the lease, the notice period is also 3 months.
What other steps do I need to take to move to Luxembourg?
You've signed your lease! You still have a few administrative formalities to complete to comply with Luxembourg law.
Declaration of residence to the commune
It's time to register with the commune to obtain your compulsory certificate of residence.
If you're moving to Luxembourg City, the Bierger-Center welcomes you on Place Guillaume II and takes care of all the formalities. All you need is your identity card.
Finally, if you're a dog owner, you'll need to register your faithful companion with the local authorities. You'll have to pay an annual tax of a few dozen euros. This tax may vary from one commune to another.
The right insurance
In addition to home insurance, you'll need to take out car insurance as soon as you move to Luxembourg. What's more, you have 6 months in which to register your vehicle with a Luxembourg plate. To do this, you need toregister itwith the administrative services.
For all your home, car and health insurance needs, contact our insurance partner AXA . These professionals will be able to advise and support you as you settle in.
All that remains is to wish you Wëllkom (Welcome) to Luxembourg!
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