Buying our first apartment
Hi everyone,
We’re a couple in our early 30s living in Luxembourg. We moved here about a year ago and are now thinking about buying a 2-bedroom apartment.
Our situation:
- Combined net income: ~€8,000/month
- Current apartment lease : €2,000/month
- Stable jobs (CDI)
- Savings: currently still small (we’re in the early stage of building them)
We’re trying to figure out if buying makes sense for us at this stage, given the current market conditions.
A few questions we have:
- Is it a good time to buy in Luxembourg, or does it make more sense to wait?
- What price range should we realistically target with our income?
- Given our limited savings, is buying even realistic right now?
- How much should we aim for as a down payment?
- Any hidden costs or surprises we should plan for?
- Would you recommend buying now vs continuing in the current situation and save more?
We’d really appreciate hearing from people who recently bought, or anyone with experience in the Luxembourg housing market.
Thanks a lot!