Since the established new , 80% of households in Luxembourg are potentially eligible for a home sold by . Prices can be up to 40% lower than on the private market. This represents a real opportunity for many families, who can look forward to a brighter future by owning a property that meets their needs.
It is important to point out that a wide range of people are eligible for affordable or moderate-cost housing.
A number of single-family homes and flats are , and applications can be submitted straight away:
– In Esch-sur-Alzette from €273,943
– In Contern from €384,105
– In Elmen (Olm) from €421,142
– In Erpeldange-sur-Sûre from €439,066
– In Berg from €578,488
– In Belvaux from €609,922
The best compromise between quality and price
Unlike renting privately, buying a home from SNHBM represents a real springboard for the future, made possible by certain . For example, the land is made available under an emphyteutic lease (droit d’emphytéose), subject to an annual fee. This means that a home purchased from SNHBM is not sold with the land as it would be on the private market, thereby reducing the price to be paid. This is exactly what makes affordable or moderate-cost housing attractive.
Buying a home from SNHBM means living in a home you can afford.
This model makes home ownership more affordable. There is also a 99-year pre-emption right, a considerable advantage when the owner wishes to sell the property. The SNHBM is responsive, facilitates the process and buys the property back quickly. What’s more, the owner gets back at least the money invested. For the first three years, the purchase price remains fixed. Thereafter, the price is increased in line with the construction index, less 1% per year (amortisation). By choosing to buy from SNHBM, buyers who meet the eligibility criteria set out in the Affordable Housing Act are opting for a fair, more affordable and forward-looking solution.
Securing the future
SNHBM’s teams are developing homes that are both modern and affordable, with the aim of guaranteeing quality construction. For larger projects, the company also includes local services that are useful to new residents. In , for example, SNHBM developed a project to create 750 homes in the municipality of Kehlen, where it built a Maison pour Tous with a brasserie, a commercial area and a second-hand baby shop. There is also a crèche on site, and the municipality of Kehlen is currently building a primary school and a Maison Relais.
To move forward, it’s important to identify the land available for our future projects.
The SNHBM is counting on the state and is working with the Ministry of Housing and Spatial Planning to guide it towards its goal of building more and more affordable housing in Luxembourg.
Becoming a homeowner is a dream within reach, and SNHBM is there to help those who qualify. Buying a home from a public developer is actually an opportunity to become a homeowner at an affordable price.
For more information about SNHBM, visit . You can also find out about in construction, project development and administration.
This promotional article was written as part of the SNHBM’s membership with the Paperjam Club. If you would like to join the Club, please contact us at .
This article was originally published in .