Luxembourg - Dirbach - Bissen

Nestled in the picturesque countryside, Warken is a charming community with a rich history that dates back several centuries. Situated in the Luxembourg province, it offers a unique blend of historical landmarks and modern amenities. The town's cobblestone streets are filled with architectural gems, including the renowned Church of St. Willibrord, a testament to its medieval past. Surrounded by lush landscapes and rolling hills, Warken embodies the quintessential European village, making it a desirable location for luxury living.

The Exclusive Property Market in Warken

The exclusive property market in Warken is currently stable, making it an attractive option for discerning buyers. Although demand for luxury homes and apartments is high, the supply matches this demand, ensuring a balanced real estate market. Buyers should consider an average real estate commission fee of 3-5% of the purchase price, which is typically negotiated with the seller. Additional costs include a transfer tax of 7%, notary fees, and possible legal costs, depending on individual purchase agreements.

Political and Economic Stability

Warken boasts a stable political and economic climate, contributing to its appeal as a prime destination for luxury property investments. The corporate tax on profits for registered companies is 24.94%, while income tax rates for residents are progressive and vary based on income brackets. Buyers of primary residences benefit from tax exemptions on profits made, whereas secondary home sales may incur capital gain taxes.

Financing and Mortgage Options

Prospective homebuyers in Warken can typically secure a mortgage covering up to 80% of the property's purchase price, with lenders generally requiring a stable income and a substantial deposit. Mortgages often have specific requirements regarding the ratio of personal to foreign capital, ensuring financial stability among homeowners.

Desirable Residential Areas

Warken's luxury homes are primarily located in exclusive residential areas such as the Green Valley district and the Hillside Estates. Known for their scenic views and proximity to amenities, these areas are highly sought after by those seeking an upscale lifestyle.

Accessibility and Transport Links

Warken is easily accessible by both road and rail, positioned approximately 20 kilometers from the vibrant city of Luxembourg City. The town is also conveniently located about 30 kilometers from Luxembourg Airport, offering international travel options.

Education and Healthcare Facilities

The town is well-served by top-tier schools, and the University of Luxembourg is within easy reach, providing excellent educational opportunities. In terms of healthcare, the Ettelbruck Hospital is the nearest medical facility, ensuring residents have access to quality services.

Living the Luxury Lifestyle in Warken

Warken offers a wealth of luxury lifestyle amenities, from boutique shopping experiences to gourmet dining at renowned establishments like Restaurant Amuse-Bouche. The town also features a vibrant nightlife scene, with stylish bars and entertainment venues.

Cultural and Recreational Activities

Cultural enthusiasts can explore the nearby Mémorial de la Bataille des Ardennes and enjoy performances at the CAPE - Centre des Arts Pluriels Ettelbruck. Annual events such as the Warken Wine Festival and local art exhibitions add to the cultural richness of the area. Outdoor enthusiasts can take advantage of hiking and cycling trails, as well as golf courses and equestrian centers.

Public Infrastructure and Amenities

Warken prides itself on robust public infrastructure and a wealth of amenities, ensuring residents enjoy a high quality of life in a community that blends tradition with modernity. With its scenic beauty, cultural offerings, and strong market conditions, Warken is undeniably a premier location for luxury living in Luxembourg.