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By Olivier RIEHL, Partner at PARTNRS*
Real estate has always attracted investors. The Luxembourg real estate industry is one of the most demanded in Europe. Despite the Covid-19 pandemic crisis, property prices in Luxembourg have not declined but, according to the country’s statistical agency Statec, continue to grow(1).
The increase in property prices in Luxembourg, the existence of tax efficient structures and the appetite of banks and financial institutions for property financing solutions boost real estate investments.
Sadly, this economic context may also attract “money launderers”. The authorities are concerned that real estate transactions may help to reinvest dirty money. Various opaque schemes could be used to...
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