44. Housing - Fonds du Logement

44. Housing - Fonds du Logement

Jacques Vandivinit, Director of Fonds du Logement, one of the largest social housing initiatives in Luxembourg talks about who can apply & what they offer.

If you don't already own a home anywhere else in the world, if you are registered to live in Luxembourg, and if your income is low, you can apply for social housing with Fonds du Logement.

They offer 70% of units to rent and 30% to buy. The idea is that with a much reduced rental rate, people at lower salary levels can try to save towards possibly buying a home in the future.

The rental rate by law is about €5 /m2 without the other charges for ultilities etc. The rent is always in line however with disposable income. When buying a home, the land will continue to be owned by Fonds du Logement - you buy a leasehold in effect.

Other social housing schemes in Luxmebourg include Société Nationale des Habitations à Bon Marché (SNHBM) and Fonds Kirchberg.

Please subscribe to my series and leave a review!
Get in touch with Lisa Burke at www.lisatoniburke.com