General Assessment

    Variable(2015)
    Data
    Main constraints in the development of the housing finance sector  
    New developments that will have a major impact on the sector 
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    Notes: (2010=100)
    Notes: A transfer tax of 6% plus a 1% transcription tax is levied. Properties located in the municipality of Luxembourg are subject to an additional tax levied at 50% of the transfer tax
    Notes: Expenses related to rental properties may be deducted. They are calculated in either of the two ways: 1) All expenses, including a depreciation rate of 2-6%, is deducted from gross rent 2) A standard deduction of 35%, with a maximum of Euro 2,700, is deducted from gross rental income
    Notes: Figure is for national percentage.
    Notes: Figure is for national percentage.
    Notes: Figure is for national percentage.
    Notes: Figure is for national percentage.
    Notes: Figure is for national percentage.
    Notes: Figure is for national percentage.
    Notes: If a property is sold within two years of acquisition, the difference between acquisition cost and selling price is taxed as miscellaneous income at progressive income tax rates. If a property is sold after two years, the tax is levied at half of the ordinary rate
    Notes: It is current practice for employers to grant "preferential loans" to their employees with interest subsidies
    Notes: The amount of tax levied depends on several variables such as property value, location, age, and economic use
    Notes: There is a tax on rental income