In addition to the costs of the property itself, the buyer will need a significant amount of money for related expenses. Among them:
If the person buying a house in Luxembourg needs a mortgage, then he also needs another €3,000 to register for a loan.
Additional expenses also include the real estate ownership tax, which is paid annually.
As a result, if you buy an office, apartment, or house in Luxembourg, every year the Property Valuation Commission will send you a mail bill with the amount of the tax. Fortunately, it's not much, ranging from 0.7% to 1% of the value of the property that the Commission has calculated. The specific percentage differs from one municipality to another.
Even for major property owners in the country, this tax is rarely more than a hundred euros. And for most people, it is unlikely to exceed a couple of dozen.