Country Presentation GrandDuchy of Luxembourg

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Country Presentation Grand-Duchy of Luxembourg
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Overview of Luxembourg

• Smallest of EU countries
• Total area 2.586 m2 (1000sq. Miles)
• Borders with Belgium (West), Germany (East) and
  France (South)
• Center of the so-called Grande Region

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History

• Written history of Lucilinburhuc starts in year
  963
• Elevated to the status of Grand-Duchy in 1815 and
  given to King of Holland as personal property
• Full independence in 1867 (Treaty of London)
• Annexed by Germany in both World Wars
• 1944 entered BENELUX Customs Union
• 1945 joined NATO
• 1957 co-founder of European Economic Community
• 1999 joined Euro currency area

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GRAND DUKE HENRI

• Constitutional Monarchy
• Monarch is Head of State
• Prime Minister, Mr Jean-Claude JUNCKER
• Chamber of Deputies is unicameral body with 60
  seats, elected by system of proportional
  representation
• Since 1999, coalition is formed by Christian
  Socialists (PCS) and Democratic Party (PDL)

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Who works in Luxembourg?

• International and multicultural workforce
• Cross-border workers (130.000 people)
• Foreign residents make up 65 working population

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Why move to Luxembourg?

• Standard of living
• Low taxes
• Social infrastructure, healthcare, public
  transport etc.
• Cheap luxury goods
• Central location Europe easily accessible
• Relaxed and stable pace of life
• Multicultural community
• Multi-lingual (especially for kids)
• Cheap petrol
• VAT 15
• Great and safe family life guaranteed in the
  green heart of Europe

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SCHOOLING

• INTERNATIONAL EDUCATION IN FOLLOWING LANGUAGES
  French, English and Italian
• ECOLE EUROPEENE teaching in several languages
• LOCAL SCHOOLS teaching in French, German and
  Letzeburgesch

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LOCAL EDUCATION

• Nursery school
• Mandatory all children aged 4 before 1 September
• Public and private
• Elementary school Ecole Primaire (6 years of
  study)
• Age 6 by September 1
• September to December DOB by request for early
  admission (deadline 31/3/2007)
• Secondary school Ecole secondaire (7 years of
  study)
• Secondary programme preparing for University
  entrance
• Secondary technical programme
• SCHOOL YEAR SEPTEMBER 15 JULY 15

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RENTAL MARKET

• Good supply of high quality properties in
  international neighbourhoods
• Fast moving market, not much room for negotiation
• Typical prices
• What is included in an unfurnished rental
  property?
• Typical types of properties
• Apartments in the city
• Apartments or houses in the suburbs
• Residential areas
• Suburbs West and North West of city
• Limpertsberg, Belair, Grund, Kirchberg, Merl,
  Howald, city etc

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Housing in Bridel

• 4 bedrooms
• 1 bathroom
• 1 shower room
• 250 sqm
• 2000/month

Very representative area close to Luxembourg city
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Housing in Strassen

• 5 bedroom
• 2 bathroom
• 350 sqm
• 3500/month

Built in 2006 with 2-car garage
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Apartment in Kirchberg

• 3 bedroom
• 1 bathroom
• 105 sqm
• 2100/mth
• 190/mth

New construction with cellar and garage
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Belair Luxembourg city

• 5 bedrooms
• 1 bathroom
• 1 shower room
• 230 sqm
• 2950/month
• Small garden
• Garage
• Recently renovated

Sought-after area, walking distance to city
center and ISL
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Housing in Eastern Luxembourg

• 11 ares of land
• 5 bedroom
• 2 bathroom
• 200 sqm
• 2500/mth
• Semi-detached
• 2-car garage

Mensdorf East of Luxembourg
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PURCHASE MARKET

• Good supply
• Typical cost of 4-bed house - 500,000 - 700,000
• 2- bed apartment - 200.000
• Property prices currently increasing by average
  of 7 per annum
• Cost of buying property property registration 6
  1 transcript tax
• Procedure and timeline Compromis de vente
  Acte de vente
• Minimum of 4 weeks, typically 8 weeks
• Annual property tax of 0.7-1. net wealth tax
  of 0.5
• Current cost of mortgage
• 20 downpayment
• 5.25-5.4 fixed interest rate (10yrs-25yrs)
• 4.85 variable interest rate

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European Relocation Services

• Our MISSION is to provide a complete, cost
  effective and efficient professional relocation
  service through our experienced multilingual team
• Our COMMITMENT to you is a total satisfaction
  guarantee
• Our SERVICES Providing Destination Services
  throughout Luxembourg and the Grand Region
• With over 20 years of relocation settlement
  experience and a dynamic young
• team, we ensure a smooth, caring and total
  satisfaction Guaranteed assistance
• to your relocation personnel and their family
  Members.

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Thank-You for your Attention