With 62.000 euros i would pay the rest of my house.... i bought it in a 30 year loan... still got 16 years to pay it
Is less expensive here to buy a house then to rent one. if i buy it, after 30 years is mine, so you only pay it for 30 years, if you rent is for the rest of your life, and the amount you pay each month is a bit lower. i am with a 380 euros a month for an total loan amount of 95.000 euros.
So i cannot afford a A5... i must stay with a Seat Ibiza 1.6 tdi ...
[Reply]

It's always wise to buy a house rather than rent if possible, because you know eventually the house will be yours and the money is going somewhere. Rent and it isn't earning you anything. Same here in the UK where most people prefer to buy. But some people don't have that option due to things like bad credit rating or they move a lot due to their jobs.

I know in some countries like France and Italy people used to rent more than buy. Is that still true?

I also couldn't afford such a car.. although I would personally also never buy a brand new car because they lose so much value as soon as you drive it. And a second hand Audi A5 is so much cheaper than a new one in the UK. As an example you could buy your new car with the same spec here in the UK 3-4 years old for about £16K and about 25K on the clock.
[Reply]

In Portugal people try to buy houses, not rent, but as you said, most people can't afford it. the effort rate (what you earn vs what you would pay for the loan) is to high simply because salaries are very low compared to rest of Europe. I was able to buy because i have a "not so bad salary" and my house was 95.000 (1 living room+1 bedroom+1 kitchen+1 bathroom) if i would go for one more room prices would go to 120.000, and that's for a 2nd hand house, a brand new could easily go to 160k/180k. I am at 30km from Lisbon.
My idea is that a lot of countries go for rent because is cheaper then buying. Not the case here.
[Reply]

Houses or apartments in Luxembourg are very expensive, I bought my house for 450.000€ in 2008, and I sold my 11 year old apartment of 85 square meters for 230.000. I was quite lucky, as I bought the apartment in 1997, and it was 5.350.000 luxembourgish franks, which are 133.750€, so basically in just over 10 years, I got 100.000€ more back than I paid for it, perfect investment. Prices were increasing very fast here, and still are.

You can always check out this site http://www.athome.lu/buy/house for some information about house or apartment prices in Luxembourg.
[Reply]