Country Presentation GrandDuchy of Luxembourg - PowerPoint PPT Presentation
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Country Presentation GrandDuchy of Luxembourg
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Cheap luxury goods. Central location Europe easily accessible ... RENTAL MARKET. Good supply of high quality properties in international neighbourhoods ... – PowerPoint PPT presentation
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Title: Country Presentation GrandDuchy of Luxembourg
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Country Presentation Grand-Duchy of Luxembourg
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Overview of Luxembourg
- Smallest of EU countries
- Total area 2.586 m2 (1000sq. Miles)
- Borders with Belgium (West), Germany (East) and
France (South) - Center of the so-called Grande Region
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History
- Written history of Lucilinburhuc starts in year
963 - Elevated to the status of Grand-Duchy in 1815 and
given to King of Holland as personal property - Full independence in 1867 (Treaty of London)
- Annexed by Germany in both World Wars
- 1944 entered BENELUX Customs Union
- 1945 joined NATO
- 1957 co-founder of European Economic Community
- 1999 joined Euro currency area
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GRAND DUKE HENRI
- Constitutional Monarchy
- Monarch is Head of State
- Prime Minister, Mr Jean-Claude JUNCKER
- Chamber of Deputies is unicameral body with 60
seats, elected by system of proportional
representation - Since 1999, coalition is formed by Christian
Socialists (PCS) and Democratic Party (PDL)
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Who works in Luxembourg?
- International and multicultural workforce
- Cross-border workers (130.000 people)
- Foreign residents make up 65 working population
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Why move to Luxembourg?
- Standard of living
- Low taxes
- Social infrastructure, healthcare, public
transport etc. - Cheap luxury goods
- Central location Europe easily accessible
- Relaxed and stable pace of life
- Multicultural community
- Multi-lingual (especially for kids)
- Cheap petrol
- VAT 15
- Great and safe family life guaranteed in the
green heart of Europe
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SCHOOLING
- INTERNATIONAL EDUCATION IN FOLLOWING LANGUAGES
French, English and Italian - ECOLE EUROPEENE teaching in several languages
- LOCAL SCHOOLS teaching in French, German and
Letzeburgesch
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LOCAL EDUCATION
- Nursery school
- Mandatory all children aged 4 before 1 September
- Public and private
- Elementary school Ecole Primaire (6 years of
study) - Age 6 by September 1
- September to December DOB by request for early
admission (deadline 31/3/2007) - Secondary school Ecole secondaire (7 years of
study) - Secondary programme preparing for University
entrance - Secondary technical programme
- SCHOOL YEAR SEPTEMBER 15 JULY 15
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RENTAL MARKET
- Good supply of high quality properties in
international neighbourhoods - Fast moving market, not much room for negotiation
- Typical prices
- What is included in an unfurnished rental
property? - Typical types of properties
- Apartments in the city
- Apartments or houses in the suburbs
- Residential areas
- Suburbs West and North West of city
- Limpertsberg, Belair, Grund, Kirchberg, Merl,
Howald, city etc
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Housing in Bridel
- 4 bedrooms
- 1 bathroom
- 1 shower room
- 250 sqm
- 2000/month
Very representative area close to Luxembourg city
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Housing in Strassen
- 5 bedroom
- 2 bathroom
- 350 sqm
- 3500/month
Built in 2006 with 2-car garage
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Apartment in Kirchberg
- 3 bedroom
- 1 bathroom
- 105 sqm
- 2100/mth
- 190/mth
New construction with cellar and garage
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Belair Luxembourg city
- 5 bedrooms
- 1 bathroom
- 1 shower room
- 230 sqm
- 2950/month
- Small garden
- Garage
- Recently renovated
Sought-after area, walking distance to city
center and ISL
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Housing in Eastern Luxembourg
- 11 ares of land
- 5 bedroom
- 2 bathroom
- 200 sqm
- 2500/mth
- Semi-detached
- 2-car garage
Mensdorf East of Luxembourg
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PURCHASE MARKET
- Good supply
- Typical cost of 4-bed house - 500,000 - 700,000
- 2- bed apartment - 200.000
- Property prices currently increasing by average
of 7 per annum - Cost of buying property property registration 6
1 transcript tax - Procedure and timeline Compromis de vente
Acte de vente - Minimum of 4 weeks, typically 8 weeks
- Annual property tax of 0.7-1. net wealth tax
of 0.5 - Current cost of mortgage
- 20 downpayment
- 5.25-5.4 fixed interest rate (10yrs-25yrs)
- 4.85 variable interest rate
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European Relocation Services
- Our MISSION is to provide a complete, cost
effective and efficient professional relocation
service through our experienced multilingual team - Our COMMITMENT to you is a total satisfaction
guarantee - Our SERVICES Providing Destination Services
throughout Luxembourg and the Grand Region - With over 20 years of relocation settlement
experience and a dynamic young - team, we ensure a smooth, caring and total
satisfaction Guaranteed assistance - to your relocation personnel and their family
Members.
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Thank-You for your Attention
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