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FAQ for buyers

Answers to the most common questions

Is there any government money available to help first time Buyers? Are there programs to help with closing costs?

Yes. In Luxembourg, a buyer may get a help of 20 000 € to pay the registration fees. It rises to 40 000 € for a couple of buyers.

Can I get out of an offer if I have a financing condition? Do I have to prove I didn’t get financing?

This seems to be an oddly frequent question – odd because if you get to the point of having made an offer, I’d like to think your agent would have explained the financing condition to you. A financing condition is defined as “a requirement that is fundamental to the very existence of the offer.” A breach of a condition allows the Buyer to get out of the contract. If your offer is conditional on financing, you have a duty to seek financing in good faith (meaning you can’t just change your mind about the house the next day and back out of the deal saying you couldn’t get financing). Whether or not you have to prove you didn’t get financing depends on the wording of the clause your agent used.

Who pays the notary fees and registration fees?

Buyers pay registration fees and notary fees in Luxembourg.

How much is the registration fee in Luxembourg?

The registration and transcription fees for a property are 7% in Luxembourg.

In Luxembourg City, a 3% municipal surcharge applies to any building that is neither a single-family house, nor a rental house, nor a plot of land for building a single-family house or a rental house, thus increasing these registration and transcription fees to 10%. Detail: City of Luxembourg website (Chapter A-5 Page 19 – Municipal surtax on registration fees)

How much are the notary fees in Luxembourg?

In Luxembourg, notary fees vary according to the value of the property in a range from 1500 to 3000 € in general.

Is 20% down needed in Luxembourg?

Generally, in Luxembourg, a first-time Buyer needs a minimum 20% downpayment to buy a house or flat. If you have less than a 20% downpayment, all the doors are not closed.

Do I need a real estate agent to buy a home?

No. You can buy a home by yourself. Real estate agents can help protect your interests by providing guidance on neighborhoods and specific buildings/houses, negotiate prices, help with obtaining financing and have in-depth knowledge of unique Luxembourg issues like Energy Pass. Sometimes, your agent will be able to show you some properties that are not listed on Internet. Of course, I’m biased, but if you’re about to make the biggest financial investment of your life, wouldn’t you want to do it with someone who lives and breathes the real estate market every day?

Who is the best real estate agent in Luxembourg?

That depends on how you define ‘best’. Real estate agents differ in the neighborhoods they know, the type of properties they sell (flats or houses), the amount of experience they have, the number of homes they sell and, of course, their overall approach to their clients. Decide what’s important to you, ask your friends/relatives for referrals, check online reviews and, of course, give us a call. If we don’t think we’re the best real estate agent to help you find what you’re looking for, we’ll put you in touch with someone who is. We have relationships with all kinds of agents all over Luxembourg.

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