Wellkomm! Welcome to Luxembourg
Nestled between Belgium, Germany and France in the "heart of Europe", slightly
smaller than Rhode Island and with a population of just 430,000, the Grand Duchy
of Luxembourg ranks as one of the world's smallest countries. But such
diminutive geographic and demographic facts belie its growing international
importance. Luxembourg is a thriving, wealthy country with one of the world's
highest per capita incomes. It has emerged as an important financial center —
sixth in the world — and serves as the capital for financial and monetary
policy for the European Community. With foreign residents representing over 30%
of the population and a multilingual citizenry, Luxembourg offers a truly
cosmopolitan environment. The official spoken language is Luxembourgish, but
most of the population is fluent in both French and German, and many speak
English.
Real Estate in Luxembourg
The high standard of living is reflected in the housing statistics, with a home
ownership rate of 65%. The majority of homes in Luxembourg are single-family
with a garden (small yard) and the average home price is $160,000. The real
estate industry is unregulated in Luxembourg, with no training or license
required to become an agent and no laws regulating the profession. "For Sale"
signs are rarely used and there is minimal inter-agency cooperation (co-broke
sales).
About ERA in Luxembourg
ERA Luxembourg opened in late 1997, bringing together local expertise with over
50 years of combined experience in banking and finance with the advanced real
estate marketing tools and services provided through ERA. The developing network
of ERA real estate professionals in four offices in Luxembourg invite you to
contact them to learn about the excellent opportunities for institutional and
private investment. |
