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The rental guarantee will be easier to obtain.

LUXEMBOURG – The government announced Friday a redesign of the calculation of the device that allows tenants to limit fees when taking a new home. Renting a home usually generates a lot of costs for tenants. They must pay the first rent (often high in Luxembourg), any agency fees and a guarantee required by the…

Housing assistance now extended to more households

In effect since January 1, 2018, the law reforming the rent subsidy widens the number of households eligible for this financial assistance. Individual housing assistance, introduced in January 2016, can go up to nearly 300 euros per month. On average, beneficiary households have received 126 euros per month so far. The government has decided to…

The guarantee against the risk of incompletion.

In the case of a sale in the final state of completion, the completion guarantee and the repayment guarantee are the two methods designed to protect the buyer against the risk that the seller no longer completes the immovable sold. As a reminder, the contract of sale in the future state of completion is that…

All the lights of the economy are green

LUXEMBOURG – Household confidence, business investment, strong job market … The country’s economic fundamentals remain solid, according to Statec. The Statec has revised downward growth forecasts for 2017 and 2018, in its conjuncture note presented on Tuesday. GDP growth should reach 3.4% this year, and 4.4% next year, against 4.8% anticipated in the studies published…