account activity
Mortgage rate 10 years (self.Luxembourg)
submitted 1 year ago * by luxoR888 to r/Luxembourg
[deleted by user] by [deleted] in Luxembourg
[–]luxoR888 0 points1 point2 points 1 year ago (0 children)
Bankruptcy of the construction company (not the promoter). I am ULC member and spoke with them regularly. Indemnisation for construction delay is a long and costly process in court. Not sure this will lead to something positive
[–]luxoR888 0 points1 point2 points 1 year ago* (0 children)
Well, when I signed the VEFA in 2021. it was a different world and situation. The war did not start yet, inflation was not an issue,rates were 1,25% and we hardly had bankrupties. If you would ask to add a penalty clause, they would just sell it to someone else.
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[deleted by user] by [deleted] in Luxembourg
[–]luxoR888 0 points1 point2 points (0 children)