Last week, the European Central Bank (ECB) decided to keep the key interest rates unchanged after a first cut last June ’24. This brought instability on the financial markets, with fear of recession, which is causing a decrease of the short-term fixed rates mainly this week. Eurostat announces a rather stable unemployment rate in the …
Did you know that, for a credit of 500.000 € financed at 4,00%, if you decide to go for a credit of 35 years instead of 30 years, you’ll pay only 175 € less monthly but you will increase the total cost by 71.000 € !
The government has introduced a new tax allowance of 20.000 € on the registration taxes to be paid on new constructions under the law VEFA. Usually the registration taxes are calculated the day of the notarial deed on the built value of the property being constructed. P.ex if the construction is only half built, the …
The standard tax rate for a purchase of a real estate property in Luxembourg is of 7% based on the purchase value retained in the notarial writing. For future new constructions, usually the notary considers the built property value that exists the day of the notarial deed for the tax calculation. To reduce the incidental …
