The National Society for Affordable Housing (SNHBM) celebrated the construction of the Sacy and Valensy residences in Grevenmacher on Friday, opening up an avenue to affordable home-ownership for those on low incomes. 

The 16 apartments are defined by a favourable price-quality ratio, and sold to individuals who do not own another home, will live in the property themselves and meet certain income requirements. 

The advantegeous pricing is facilitated by the fact that the land on which the houses are built is sold under a 99-year long lease, while the houses themselves are sold outright. The leaseholder has full enjoyment of the property on payment of an annual fee, the so-called right of emphyteusis.

The apartments will be built in accordance with the prevailing criteria for passive buildings (Class A), and will consist of eight two-bed apartments of around 87 square metres and eight three-bed apartments of around 113 square metres.

Prices range from €272,150 to €393,038 including VAT, and excluding premiums. The parking spaces in the basement of the building cost between €27,144 and €34,632, including VAT. Kitchen and interior painting are not included in the prices.

More information is available on the SNHBM website: www.snhbm.lu 

Image: from SNHBM website. Architect: Dorin Alexandrescu