Mar
18
Brexit Bankers May Find Home in Luxembourg’s Red-Light District
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City center is hotspot as commuting times mar suburban life
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London bankers can’t expect to upsize as prices keep rising
Luxembourg’s red-light district could soon be a home for bankers escaping Brexit.
As the Grand Duchy prepares to welcome financiers relocating from the U.K., a lack of housing has pushed the price of relatively modest family homes beyond the 1 million-euro mark ($1.2 million).
That’s led to edgier areas being developed to keep up with demand, according to real estate brokers in the tiny country, attracting City of London firms looking for a foothold on the continent…
