Should I buy or rent a home in Luxembourg City?

If you have not spent a lot of time in Luxembourg City, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"The decision between buying and renting a home in Luxembourg City ultimately depends your individual needs and preferences. Some considerations to make when deciding between buying or renting include the location, budget, desired length of stay, and whether or not you plan to put down roots in the city. Buying a home in Luxembourg City can be a large financial commitment, but if you are planning to stay long-term and prefer the stability and security of owning property, buying may be the best route. Those who are looking to stay in the city for a shorter time period and have a limited budget may find that renting a home is the best choice. Consider your needs and preferences carefully when deciding whether to buy or rent in Luxembourg City," remarked another expat in Luxembourg City, Luxembourg.