Prices, districts, taxation and discreet sales in Luxembourg.

The dynamic transformation of the real estate market over the past year has created a landscape rich in opportunities for those considering realizing their real estate projects. So, what is actually happening in the market, and is it the right time to prepare for the sale of your property in 2024?

The current economic crisis is affecting many sectors, including real estate. Traditional estate agencies need to adapt in order to remain competitive. Joining forces with the two largest hybrid agencies in Luxembourg, Nextimmo.lu and Secretimmo.lu, could be a winning strategy.

In an ever-changing property market, it is essential to adapt to new trends in order to provide the best possible service. Hybrid estate agencies are an innovative response to this need, combining the best of traditional agencies and online platforms. In this article, we present the main advantages of hybrid agencies over traditional agencies.

A hybrid real estate agency is an innovative concept that combines the best practices of traditional agencies and online platforms to provide an optimized and personalized experience for clients. It offers high quality services tailored to the specific needs of buyers, sellers and investors.

Selling a luxury property is an important step in the life of any discerning owner. You want to reach a select clientele and find the ideal buyer who recognises the exceptional value of your property. This is where Secretimmo comes in. By choosing our exclusive off-market network, you gain access to a revolutionary approach to property sales that combines discretion, exclusivity and new technologies.

House prices in Luxembourg increased by 9.6% in 2022 as a whole, a lower growth rate than in previous years. However, they fell between the third and fourth quarters, as did the number of transactions. Prices for existing houses fell by 1.9%, for existing flats by 2.3% and for existing apartments by 1.4%. The price index for apartments under construction also fell by 0.3%.

The COVID episode and the inflation of the cost of living have accelerated the development of co-living as a response to the problem of the constant increase in property prices, while at the same time satisfying the quality of life criteria that have become decisive for occupants in the final choice of their personal housing.

Buying a fixer-upper can sometimes seem like a risky investment, but it's actually an incredible opportunity for buyers to create a fully customised home and make money at the same time, without the constraints of the new home market such as price escalation and construction delays.

A few months after the launch of their Pocket Estimator, Secretimmo digitalizes, this time, its protocols by proposing a new off-market property sales channel unique in the Grand Duchy: a mobile application available for free on the App Store and Google Play.

After a first year in which we gained valuable experience with the off-market business we have perfected and adapted our various protocols to be able to respond to any type of situation and type of client.

Intended for individuals who wish to have an initial idea of the price of their property, the Secretimmo Pocket Appraisal allows them to quickly estimate the indicative value of a house, a flat or a piece of land in the Grand Duchy of Luxembourg.

Selling your land, with or without a house to be demolished, is not easy. In a tight market where land opportunities are rare, it is not easy to find the right professional who will give you the best price and the best payment terms for your building land.