The Luxembourg real estate market, with its high prices and numerous aid schemes, can sometimes seem inaccessible to many individuals and investors. To remove these obstacles and make the acquisition process more transparent, the Real Estate Chamber’s Developers Section, the Federation of Construction and Civil Engineering Companies, the Entrepreneurs Group, and the Real Estate Chamber have created a simple and effective solution: the website aides.lu.
This portal is much more than just an information platform. Thanks to an interactive simulator, aides.lu allows future buyers, whether first-time homebuyers or investors, to accurately evaluate the costs and financial benefits associated with their real estate project. aides.lu helps you navigate through the available fiscal measures and aids, while taking into account reduced registration fees, lower VAT, and other applicable bonuses.
Jean-Paul Scheuren, spokesperson for the Developers Section, emphasizes the complexity of calculating the total investment cost of a property. “It’s not just about the purchase price; you also have to consider elements like interest subsidies, which affect borrowing capacity.” The aides.lu simulator provides a comprehensive and precise view of the budget needed to realize a real estate project.
Why is aides.lu Essential?
In a market where borrowing rates are rising and where energy and material costs are soaring, “it is crucial for buyers to be able to calculate their investment capacity in advance.” Moreover, some current aids, such as homeownership grants, are complex to understand. For individuals, the registration fee, which was raised from 30,000 to 40,000 euros per person, and for investors, accelerated depreciation and the “registration” tax credit will disappear at the end of 2024. “Conditions for buyers have never been as favorable as they are today!”
The need for transparency and simplification in the purchase process, particularly for off-plan construction (VEFA – Sale in Future State of Completion), is also a major reason justifying the creation of this platform. Real estate developers, facing market uncertainties, have expressed the need to restore buyer confidence. This involves not only completion guarantees but also a better understanding of available aids and fiscal measures. To this end, between October 1, 2024, and the end of June 2025, registration fees for VEFA properties will be halved for rental investors. For first-time homebuyers, the reduced registration fee will also apply to existing homes. “A tool like aides.lu is therefore perfectly timed to guide individuals and investors through this financial maze.”
Simplified Access to Aids for Everyone
The aides.lu platform offers two distinct sections: one dedicated to first-time homebuyers and the other to investors. Each provides personalized and tailored information. With just a few clicks, it is now possible to know which aids you are eligible for, calculate your purchase costs, and estimate your repayment capacity. This real estate acquisition tool is especially welcome as several factors are currently aligned to facilitate homeownership, particularly for families with children, whose eligibility thresholds have been raised to include more households. Income thresholds for financial aid have also been increased, while the maximum interest subsidy rate has been raised to 3.5%.
It’s a significant time saver, especially for those who want to carefully plan their project before diving into longer processes with their bank or notary.
aides.lu, an Indispensable Tool for Successful Real Estate Projects
If you are considering investing in real estate or becoming a homeowner, aides.lu is the essential tool to simplify your procedures and secure your project. This online simulator, available from October 29, 2024, will allow you to prepare your acquisition with confidence and make the most of the available incentive measures.
Before taking any other steps, make sure to visit aides.lu to gain a clear view of your borrowing capacity and the financial aids available to you.