Nexvia – Should I buy or rent in Luxembourg?
Should you buy or rent in Luxembourg? Well good question, actually it’s quite simple If you intend to stay more than three years in Luxembourg, then you should buy. Here are the three main reasons why. First reason, acquisition costs are insignificant. Actually, when buying for the first time, you may not have to pay any registration fees. And, by the way, notary fees are really low. The second reason is that net interest costs are as little as 1%, because you can deduct them from your taxable income, lowering the mortgage cost up to 46%. Last, and third reason, is simple to understand. If you have 100€ to spend, and you spend it in your rent, then this money is lost. If you spend 100€ in your mortgage, then 30€ are lost as interests but 70€ are invested in your property, and you will get them back when selling your property. Well now, if you have any questions, feel free to use our Buy or Rent tool on Nexvia.lu