The districts of the main cities of Luxembourg where to invest in 2016
Luxembourg has long been attracting real estate investors and each year the country ranks on the podium of places where to pack or simply buy a property. The high standard of living, quality infrastructure and a competitive tax system make Luxembourg a country of high quality of life in which to live. But in 2016 in which cities of Luxembourg do you have to invest? Two of them have a high attractive potential: Luxembourg-City and Esch sur Alzette. Focus on neighborhoods to invest.
Which neighborhoods to invest in Luxembourg-Ville?
The capital has a population of 115,000 and its exceptional location makes it the most popular city in the country for domestic and foreign investors. It is true that it has many assets, a historic heritage that coexists harmoniously with more modern buildings and many green spaces where it is good to take the air. But among the 24 neighborhoods in the city, which one to invest in real estate in 2016?
If you are looking for a family-oriented and upscale neighborhood, primarily geared towards the 28-49 age group, opt for the Belair district , the star of Luxembourg City. This district near the city center and which has recently developed a lot with the creation of new residences and infrastructures is very much sought after for its calm and quality of life. Y Invest makes sure you sell your property easily and at a good price. Another neighborhood also in vogue right now is the station . Endowed with beautiful residential buildings and teeming with businesses, it becomes a place of interest for real estate investors. An ambitious construction program is currently underway and will offer at least 70 new homes on the market as well as shops, public spaces and offices. This district, very well served, is a crossing point highly frequented by locals and visitors and good investment operations are possible.
Nearby, the district of Bonnevoie also has many assets. Very cultural, it houses the Carré Rotonde, a lively and renowned center of creation in Luxembourg that is often the scene of shows attracting crowds. Housing is affordable and the acquisition of an apartment can lead to a nice added value when resale.
Esch-sur-Alzette, a town in full swing
The former steel site located in the south-east of Luxembourg, the second largest city in the country, is changing and is experiencing renewed interest in real estate investors. Indeed, a major conversion is being conducted at this time and a major renovation program aims to enrich the supply of housing and businesses in the city. An additional 40,000 inhabitants are expected to settle there in the next 20 years, which implies great opportunities for investors looking for a real estate market with high potential.
The development of the University on Belval should attract nearly 7000 students and a thousand teachers and housing solutions should be proposed to them. An investment in leasing for the student and faculty population seems wise around the site. The municipality also runs a major project named Alzette-Belval, which focuses on the creation of 8600 homes and businesses, over 20 years. Another project, the Nonnewisen aims to create on a surface of 30 hectares a model district in terms of ecology, economy and diversity. Finally, the municipality of Esch-sur-Alzette has a significant advantage for those working in Luxembourg-City: the capital city is only 20 minutes away by car, so daily commutes are widely available and will not be a drag on those who wish to invest in them to rent or live there.
Investment opportunities in real estate are numerous in Luxembourg and you just have to choose between the capital and the second largest city in the country. While the former has many neighborhoods each with its own identity, the second has many opportunities and a booming market. In both cases, beautiful business is waiting for you.