Should I buy or rent a home in Luxembourg?
If you have not spent a lot of time in Luxembourg, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Luxembourg can be a great investment, as the country has a strong economy and a stable housing market. However, it is important to consider the cost of living in Luxembourg, as it is one of the most expensive countries in Europe. Renting a home in Luxembourg can be a more affordable option, as it allows you to enjoy the benefits of living in the country without the long-term commitment of buying a home. Additionally, renting a home in Luxembourg can provide more flexibility, as you can move to a different area or even a different country if your circumstances change. Ultimately, the decision to buy or rent a home in Luxembourg should be based on your individual needs and financial situation," mentioned another expat when asked about moving to Luxembourg.
Other Questions:
- What should I pack when moving to Luxembourg?
- Where should I setup a bank account in Luxembourg?
- Will I be able to find a job in Luxembourg?
- What is life like in Luxembourg?
- What do expats in Luxembourg appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Luxembourg?
- Is there a lot of diversity? Are people in Luxembourg accepting of differences?
- What are the schools in Luxembourg like?
- What are healthcare services like in Luxembourg?
- What are medical services in Luxembourg like?
- Are healthcare and health insurance expensive in Luxembourg?
- What are emergency services like in Luxembourg?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Luxembourg?
- How are local medical facilities in Luxembourg?
- As a foreigner living in Luxembourg, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Luxembourg?
If you live in Luxembourg, newcomers to Luxembourg would love to hear your answer to this question.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
