What if it was the right time to buy?
Are you planning to buy your own home or make a rental investment in Luxembourg? Now is a good time to think about it!
How about a little help?
BIL is committed to helping you by offering you preferential terms on its property loans. And because every project is unique, BIL offers you personalised financing solutions.
-14,4%
This is the decrease in house prices observed by Statec between the 4th quarter of 2022 and the 4th quarter of 2023. (Source: gouvernement.lu)
An attractive 10 or 15 year reviewable fixed rate
Since 1856, BIL has played an active role in developing and supporting the Luxembourgish economy. BIL offers you attractive conditions on your reviewable fixed rate compared to the current market conditions. This temporary offer is reserved for the acquisition of a new principal residence or for “buy-to-let” investments in Luxembourg. For you, this means:
- stability in your monthly payments over the 10 or 15 upcoming years, as well as
- • the flexibility to refinance at the interest rates applicable at a later stage.
The granting of a loan is subject to the bank’s approval of your application. A loan binds you and must be repaid. Remember that it costs money to borrow money.
Take advantage of these government measures in 2024!
The tax credit for notarial deeds (‘Bëllegen Akt’) for your own home has been increased from €30,000 per individual to €40,000, or €80,000 per couple.
- A new tax credit (‘Bëllegen Akt’) for sales being completed (VEFA), is set at €20,000 per individual or €40,000 per couple.
- An accelerated rate of depreciation for housing built for rental purposes and completed in 2024, is fixed to 6% for a period of 6 years.
- You will pay less tax on your property gains, as the rate of tax on capital gains realised on a sale completed in 2024 will be reduced to a quarter of the overall rate.
Simulate your monthly loan repayments
Additional information
This simulation is calculated on the basis of a renewable fixed rate for a period of 10 or 15 years, which will be subject to renegotiation after this period. It is calculated for information purposes only, without any commitment as to its completeness, accuracy, or timeliness, and does not imply any commitment or agreement on the part of BIL.
Example: A loan of EUR 500,000.00, repayable over 25 years at a borrowing rate of 3.75% per annum, unchanged over the entire term of the loan, gives rise to 300 monthly repayments of EUR 2553.56 The Annual Percentage Rate (APR) is 3.82% per annum. Total amount owed by the borrower: EUR 766.068,00 (excluding insurance and any administration fees). Please note that this APR is calculated on the basis of an interest rate remaining at the level set for the initial period throughout the term of the contract.
We invite you to review the information provided or to increase your personal contribution.
