Yes. It’s normal when demand is pushed elsewhere. House prices along the Mosel border in Germany also exploded in price e.g. in Wincheringen.
Ok_Pudding_8543 on
Or is it still possible to buy a house in the North of Luxembourg? Without being a millionaire or taking out a 200-year mortgage?
Tryrshaugh on
The capitalisation rate, that is, the rate of return of renting a property relative to property prices, of most residential real estate in this country is below risk-free rates, this means that unless someone is speculating on a drastic rise in house prices (which is a degenerate thing given current prices), buying a house in many cities all over Luxembourg makes no financial sense.
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Yes. It’s normal when demand is pushed elsewhere. House prices along the Mosel border in Germany also exploded in price e.g. in Wincheringen.
Or is it still possible to buy a house in the North of Luxembourg? Without being a millionaire or taking out a 200-year mortgage?
The capitalisation rate, that is, the rate of return of renting a property relative to property prices, of most residential real estate in this country is below risk-free rates, this means that unless someone is speculating on a drastic rise in house prices (which is a degenerate thing given current prices), buying a house in many cities all over Luxembourg makes no financial sense.