r/Luxembourg • u/Affectionate-Band-15 • 9h ago
News & Discussion VEFA Buyers’ Protest - 31 October
VEFA buyers are organizing a protest on 31 October from 12:00 to 13:00 to ask the Government for:
➡️ Better protection for VEFA buyers
➡️ Faster completion of unfinished developments
➡️ Governments help for current cases that have already been impacted
➡️ Reconsideration of the mandatory two year tax break rule via the Bëllegen Akt
➡️ Stronger oversight of property developers
➡️ Greater transparency regarding project delays and insolvencies
➡️ Fair treatment and support for affected families (Legal support and compensation)
➡️ Faster legal procedures
This protest comes after the recent young people protest asking for affordable housing (including rents).
The Government is still indecisive and presents no concrete measures for victims of the VEFA crisis, or people in need of homes. These protests are meant to voice people’s concerns and hopefully stir politicians into actions before the situation becomes even worse.