Why invest in old properties in Luxembourg?

When it comes to investing in real estate in Luxembourg, the choice between old and new properties can be decisive for you. Each of these options has advantages that need to be taken into consideration. Let’s determine together the advantages of investing in an old property:

Availability

One of the major advantages of buying an old property is the speed of the transaction compared to a new property. The purchase of an old property can be concluded quickly, with the sale finalized in an average of 3 months. The delays are often related to the time required to obtain a loan, which depends on the buyer.

Lower cost per square meter

Generally, the cost per square meter of an old property is lower compared to a new property. In Luxembourg, the price of an old property is 15 to 20% lower than a new property. This can be a decisive factor for you from a budget perspective.

Preferred location and wide choice of available properties

In Luxembourg, neighborhoods that host old buildings are highly sought after because they are synonymous with a rich history. Their timeless charm attracts clientele looking for an authentic residence. Moreover, these old properties are often located in well-established urban areas, offering easy access to amenities, public transportation, and a vibrant city life.

Guidance from our experienced real estate agents can greatly facilitate your decision-making process by guiding you through the complexities of each option. Contact us for your project!