How long does it take to find a tenant in Luxembourg?

We wonder how long it usually takes to find an occupant for a studio. As a landlord, what steps can you take to reduce the risk of vacancy? It makes sense to consider these logistical questions if you're considering renting a home in Luxembourg. We have the answers you are looking for.

Rental periods tend to be shorter for properties with fewer rooms

A studio apartment can be rented in much less time than a large two or three bedroom house. A roommate is not difficult to find in Luxembourg City.

Studios / T1 are in high demand but the supply is low on the rental market in Luxembourg, especially in the larger cities. There is a high demand for affordable housing, but the supply of apartments is insufficient.

According to all mathematical estimates, a fully furnished studio apartment that is currently vacant can be rented quickly. However, keep in mind that the majority of applicants for these units are students or young professionals. Nomadic behavior is typical for them. Although you can easily find a tenant for a small apartment, you may have to replace them more frequently than for a large apartment.

Large apartments may take longer to rent, but they tend to be more reliable in the long run

If you are considering buying a rental property in Luxembourg, be aware that the types of tenants you can expect to find depend on the specific property you are buying. Studios and one-bedroom apartments (T1) are popular with students and young professionals who are not tied to a specific location. They are constantly on the move and their leases usually last no more than a few years.

On the other hand, long-term leases are common for large apartments with multiple bedrooms. Because of their layout, they are best suited for families with several children. For the mental health of their children, it is best that they continue to reside in the same place. They are looking for stability, which is good news if you are looking for a long-term rental.

Use a real estate company to manage the property

Your target audience for renting your property in Luxembourg will vary depending on its size, location and amenities. Depending on the size of the property, it may take longer to find tenants, but long-term leases are more likely.

With proper planning, any investment in rental property in Luxembourg has a good chance of being profitable, as demand is high in all areas, from studios to T3 and T4 apartments.

However, to avoid a mountain of paperwork, you should hire a property management company; that way, you won't have to worry about finding tenants. They will do everything for you, from coordinating multiple occupant changes in a calendar year to advertising widely to fill vacancies quickly.