Relocation Country Guide: LUXEMBOURG
Relocation Country Guide: LUXEMBOURG January 2018 Relocation and International Assignment Trends and Practices The Grand Duchy of Luxembourg, is a small, landlocked country sandwiched between Belgium, France and Germany. Luxembourg is working hard to be among the top five alternative destinations for potential moves linked to Brexit. In the past year, the government has invested in new local English-speaking schools, increased transportation, and refurbished new areas as alternatives to the locations currently popular with expatriates. Often voted in surveys as one of the world’s most desirable places to live, Luxembourg enjoys an excellent standard of living. Input from Cartus Global Supply Chain and our Destination Services Providers on the ground in Luxembourg points to several key areas of importance to the expatriate community: looking for a rental property, finding a school, transportation, language, cultural issues and climate. These areas are all addressed, with best practice recommendations, to help HR/mobility managers as they consider policies for their assignees. February 2018 Relocation Country Guide: LUXEMBOURG RENTAL MARKET The rental market in Luxembourg is a landlord’s market. Furnished apartments are low in availability, as are three- four bedroom unfurnished apartments, while one-two bedroom apartments are easier to source. One-two bedroom houses, whether terraced, semi-detached or free standing, are typically limited, while those with at least three bedrooms have greater availability. All houses in gated compounds are in short supply. For many years, demand has outstripped supply, therefore, decisions need to be made very fast and no rent concessions can be negotiated. While the demand for property over the past 12 months has increased, as you would expect, vacancy rates have decreased.
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