Royal-Hamilius
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Overview
A major downtown redevelopment in Luxembourg City, comprising a shopping mall, offices, and 76 luxury apartments. It is a significant recent project that has transformed the city center.
Building/Community Amenities
- Garden / Courtyard
- On-site Retail / Shops
- Parking
- Restaurant (On-site)
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can freely buy property in Luxembourg, with no specific restrictions or quotas.
Tax Considerations
Property Taxes
Property taxes in Luxembourg include a purchase registration tax, typically around 7%, and an annual property tax that varies by municipality, generally low compared to other European countries
Transfer Tax
purchase registration tax, typically around 7%, and an annual property tax that varies by municipality, generally low compared to other European countries
Inheritance Tax
Capital gains tax applies to profits from property sales, with exemptions available if the property is held for a long period
Important Considerations
Restrictions
- Foreigners can freely buy property in Luxembourg, with no specific restrictions or quotas.
Required Documents
Financing Options
Financing Options
Financing in Luxembourg
Luxembourg offers an attractive landscape for property financing, especially for foreign buyers seeking to invest in its robust real estate market. The country is known for its competitive mortgage rates, making it a prime destination for property investment. Typically, Luxembourg banks offer loan-to-value (LTV) ratios ranging from 70% to 80% for non-resident buyers. This high LTV, compared to other European markets, allows more accessible entry into Luxembourg's property sector. With a stable economy and a favorable tax environment, Luxembourg stands out as an appealing option for those looking to finance property purchases.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income (e.g., salary slips, employment contract)
- 3Recent bank statements (3-6 months)
- 4Credit report from home country
- 5Proof of deposit funds
- 6Property valuation report
- 7Legal residency status (if applicable)