Wednesday, February 17, 2010

Cheapest Place to Live in Luxembourg

Luxembourg has been a great economic success story in the past 10 years. Recently voted one of the Best Countries in the world to live in by International Living Magazine in their annual Quality of Life Index.

The city of Luxembourg is the capital of the country of Luxembourg. Its spectacular valleys and plateaus led it to be nicknamed "the Gibraltar of the North"

Luxembourg has been enjoying the effects of economic growth and low employment rates. The combinations of these factors bring about a confidence and optimism which bodes well for future investment and market confidence.

Luxembourg hosts a large percentage of European Headquarters for Global clients in Industry, with about 158 licensed banks from 26 different countries; it is the European leader in Private banking and the global leader in Investments funds.

The main activities carried out in the Financial Sector are: Private Banking, Corporate Finance, Covered Bonds, Securities, Pension Funds and Investment Funds.

Cost of Living In Luxembourg

retire in Luxembourg

Luxembourg is a small country in Western Europe, landlocked by Belgium, Germany and France. But size is not a big deal when it comes to this place. Though it may be a tiny country, it is such a wonderful place to be in. Lying in between a cross of cultures, you can expect that this country will be a great destination.

There is so much that is offered by Luxembourg. From the great scenery and the wonderful climate, living here would not be such a bad idea for anyone. The economy is very stable, thanks to the successful steel and agriculture industry that they have. Considering the size that Luxembourg has, it remains among the richest country in the world. It is known for having a high-income economy, low inflation and a low unemployment rate. It seems like living here is very beneficial financially.

Luxembourg is using the currency Euro (€) which is the same for its neighboring countries. Luxembourg may have a little higher cost of living compared to the United States. The current conversion of €1 Euro is at $1.45 USD. It may be quite pricier here if you plan to live here but life here is definitely better.

Housing Costs

Luxembourg has a couple of houses and apartments which are available here. Since there are a lot of people who travel and move in here, you can trust that there will be quite a selection of accommodations for you. Like most residents here, they just tend to rent an apartment because it seems more practical and cheaper. True enough, renting an apartment may only cost anywhere from € 600 t o €2500 per month. It depends on the locations as well as the size o the apartment that you are getting. For larger apartments, tenants just share for a cheaper rent.

No comments: