April 25, 2024

Flatsharing in Luxembourg: a booming housing solution

Renting a studio in Luxembourg City’s centre costs an average of €1,607 . On the whole, flatsharing represents a more economical way of life. How does sharing a home help reduce your impact on the environment and enrich your social life?

Groupe de jeunes installés dans un salon.

Benefits of flatsharing

Faced with the growing need for affordable housing in Luxembourg, proposed legislation aims to regulate shared housing. Its objective is to meet demand while protecting the interests of landlords and flatmates.

Shared financial savings thanks to colocation

The first advantage that comes to mind when talking about flatsharing is the need for cheap housing. Finding an apartment with a reasonable monthly rent is becoming a real challenge, so more and more people are choosing this option.

In addition to the rent, sharing expenses allows you to control your budget. Here is a list of shared expenses :

  • Rental costs related to the maintenance and use of common areas (security, lighting, lift, etc.).
  • Electricity, gas and water bills.
  • Home insurance.
  • Internet and television subscriptions.

This equal cost-sharing makes housing more affordable for residents.

Environmental impact

Another significant benefit has become more meaningful in recent years: reducing the impact on the planet :

  • A decrease in resources (sharing of water, electricity and heating).
  • Maximising the living space.
  • Sustainable mobility (carpooling).

Creation of social connections and mutual support

While living under the same roof, you’ll run into your flatmates several times a day.  Being in close contact with them over time can lead to the birth of solid friendships. This friendship strengthens mutual support and helping each other out.

Good to know: Communicate openly to manage conflict

In order to get on well with your flatmates, you should establish clear house rules from the outset. Also, remember to encourage open communication to solve problems and prevent arguments.

Co-living as an alternative to flatsharing

Due to the challenges encountered (laborious house hunting and the high rental costs), the co-living trend is spreading in the Grand Duchy of Luxembourg.

What exactly is  co-living?

The difference between flatsharing and co-living may seem blurred. The basic principle remains the same: you share the accommodation with one or more other people. In a way, co-living is a “premium” solution that offers a better standard of living and comfort for the inhabitants. Co-living residences sometimes offer common areas for leisure activities such as a gym, a co-working space or even a cinema room. The price includes the individual rent and access to these additional services.

The other feature of co-living lies in its community lifestyle. With services available to everyone, co-living goes futher than simple cohabitation: it’s a place for sharing experiences, values, etc. In Luxembourg, “living together” is the popular choice. 

The reasons why  co-living in Luxembourg is such a success

Co-living has been a great success in Luxembourg for various reasons:

  • This is an ideal solution to spread the costs in a volatile rental market.
  • It attracts young professionals and expatriates looking to create an on-site network.
  • Newcomers benefit from “all-inclusive” accommodation for an easier set-up.

Tips for finding your ideal shared accommodation

Before beginning the search for your new home, take a look at our practical advice and the essential insurance you should take out.

Use of specialised online platforms

A reliable way to find a flatshare or co-living space is to register withdedicated online platforms as furnished.lu. We recommend you do this in stages:

  1. Create an attractive profile with an exact description of your cohabitation preferences. This will avoid “casting mistakes” by choosing people with the same expectations as you.
  2. Use the filters to refine your searches according to specific criteria. Do you want your own bathroom? State this!
  3. Once you’ve found potential sharers, increase your daily exchanges to get to know them better and ensure your compatibility.

Then all you need to do is visit the locations you’ve chosen together to assess the general condition, location and ambience.

Some innovative platforms, such as WeConnect, offer intergenerational co-living set-ups to help students find affordable housing while creating strong bonds with their hosts.

At the same time, relocation agencies such as LuxRelo also offer their expertise to help you settle into life in Luxembourg, particularly when it comes to finding a turnkey coliving solution. This will enable you to arrive quickly and serenely as a young expatriate.

The main types of insurance for shared housing

Foyer recommends that you pay special attention to the most useful types of insurance:

  • Civil liability insurance. First of all, make sure you’re well covered in the event of bodily or material damage caused to others.
  • Damage insurance. Water damage, glass breakage, theft, fire, storms and other common warranties must be included in the policy.
  • Contents insurance. Consider insuring your personal belongings in case of theft or fire, for example.

In short, flatsharing and co-living offer friendly and affordable housing. With the demand skyrocketing, it’s better to choose carefully and think about insurance to keep daily life under control. Whether you’re looking for cheap accommodation or a social adventure, these two options are definitely worth a look!

Three points to remember :

  1. Flatsharing and co-living are affordable and user-friendly solutions in the face of rising prices in Luxembourg.
  2. You’ll share costs and responsibilities for a community and sustainable life.
  3. Our advice: use online platforms and take out insurance.
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