Real estate in Luxembourg: changes, evolution, new horizons?

If you’re moving to Luxembourg you need to sort out 3 things first: accommodation, job and bank account, I can give you some tips on the first one. 

Whether you’re living abroad, are among the 215K cross-border workers or a resident looking for a different housing solution, for the first time in the last 20+ years the market has turned from a sellers’ market into a buyers’ market, which means you have more power in the negotiation process and you have less competition in finding the property fitting your personal needs. 

Living in Luxembourg is a beautiful experience, almost 50% of the population is foreign-born, a real melting pot of people, cultures and languages; compared to other European cities you have plenty of green spaces, the playgrounds for kids are the best in the world, open-air sports can be part of your daily routine and public transportation is free! 

In the last 2 years we brought to market many improvements:​​​​​

• Our platform, our core, with a new search engine both on the website and in the app, that allows users to intuitively look for an accommodation with a very smooth search flow, a seamless UX.

• We moved offices to a new location in Belvaux to better host our partners, the real estate agencies, organizing events and seminars with regularity to support them.

• We launched Immotop Plus, offering a series of services, like 3D visualization, visit with drone, home staging… to offer our partners the option and opportunity to differentiate themselves from their competitors.

• Now with the mortgages in collaboration with Spuerkeess and a mortgage broker of our trust, we want to give all possible options to our customers, facilitating their process of financing their dream home.

We’ve identified 3 clusters, 3 main users’ behaviors, that need to find a solution in our marketplace, with the offer best suited for them.

To simplify we have 3 main customer personas: 

• First “the residents”, comfortable with the country and its institutions, that can easily and seamlessly finance their property goal. 

• Second “the non-residents”, working in Luxembourg and living the neighboring region, who need to have comfortably access to financing possibilities for real estate’s even in their local area.

• Third “the expats”, the people less used to the Luxembourgish system, accustomed to different way of getting served, that prefer to have an advisor assisting them in the process of looking for the best financing offer.

Now it’s a good time to buy or at least to consider buying, after 20+ years the market has turned into a buyers’ market, where customers have more leverage, can better negotiate and have less competition for their dream home. 

When you’re looking for your dream home you’re making a key decision in your life, therefore you need to be prepared. It’s crucial to establish your own criteria, the parameters that are important to you. We at Immotop.lu can help you with the search, in structuring your thought process. 

The easiest way to search, and this is a feature unique to Immotop.lu in Luxembourg, is by selecting on the map your main point of interest, it could be where you work, your kids’ school, your favorite sporting facility or entertainment area… From that point of interest, you can select your preferred way of moving around (walking, cycling, driving) and the transit time that is suitable for your needs: just as example you might want to live at 15 minutes driving distance from where you work. 

Obviously, you can also draw the area on the map, selecting your favorite part of the country or the neighborhoods you’re picturing yourself living in. 

Once you’ve selected your area of interest Immotop.lu can help you refine your search by giving additional inputs like the budget at disposal, the surface you need, the type of property (house or apartment), whether you need a garden, a parking…