Blog immobiliare

Conversion of abandoned industrial facilities in Luxembourg

27 dicembre 2016

The Grand Duchy lacks housing. In spite of high prices, demand is greater than supply, which is forcing the Luxembourger government to find solutions in the housing market.

1,500 apartments coming

On 13 December, the government announced that 60 hectares of abandoned industrial buildings will be purchased by the Luxembourger government, then given over to real estate developers, sometimes for only a symbolic 1€ price tag, considering the costs of restoration on certain sites.

The purpose of this action is to convert unoccupied land and to transform it into nearly 1,500 apartments and 125,000 m² of commercial space. This represents about 3,000 individuals housed on Luxembourger soil.

Which sites are in play?

The construction of these 1,500 apartments will be carried out in various locations. The sites include the cities of Dudelange (on the site of the former rolling mill), Wiltz (on the former Circuit Foil "Haargarten" site), Petange (on the Eucosider site) and Belvaux (on agricultural land).

Esch-Lallange will also see 2 hectares of land developed into a new community center that will feature a fire station, a civil defense office and a Grand Duchy police station.

This is a necessary intervention carried out by the Luxembourger government which proves the willingness of the State to find solutions for housing as well as to find other uses for unused industrial facilities in the Grand Duchy.

Other recent articles:
About 50% of monthly household budget spent on housing
Real estate prices in Luxembourg: a medium-term threat to the Luxembourg economy.
The Giorgetti construction company topping the bill!
Building and Renovating in Luxembourg in 2017: PRIMe House Help
A Network of Real Estate Scams Stopped in Dudelange
Draft law on real estate loans in Luxembourg: where are we?
How about trying out a home before buying it?
Real estate ads: Avoid the scams!
Winter is coming: here are a few tips to reduce your heating bills
The Impact of the 2017 Tax Reform in the Field of Real Estate
Buying an apartment in Luxembourg, but at what price?
Will mortgage payments stop during parental leave?
Everything you need to know about real-estate credit in Luxembourg - Part 2
Everything you need to know about real-estate credit in Luxembourg