Minister: Apartments used for business push rent prices up in Luxembourg
In a recent statement Luxembourg's Housing Minister, Marco Schank explained that the shortage of apartments in the country has deteriorated in part due to many companies using apartments designated for housing, for business.
(ADW) In a recent statement Luxembourg's Housing Minister, Marco Schank explained that the shortage of apartments in the country has deteriorated in part due to many companies using apartments designated for housing for business purposes. This phenomenon is occurring due to the lack of office space and rental costs.
The recent failure of an alarming 17 stores in the centre of Luxembourg City meant that last week discussions took place relating to the main reason for difficulties faced by many businesses establishing themselves permanently in the country: rents are too high.
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