POLITIQUE & INSTITUTIONS — Politique

Rooms wanted!

Rooms wanted!



Paperjam

Young, free and single and' no place to stay. Loads of jobs but no place to be @ home.

Young Urban Professionals moving to Luxembourg often live in sh..holes, if they're lucky. The extreme scarcity of short-term rental space has forced the majority into overpriced, dimly lit and badly maintained rooms. These so-called "furnished studio's? go for around 24.000 Luf/month and make you want to live in a hotel instead (feasible and starting at around 28.000 Luf).

Somebody thought this was no situation to live with and took a shot at the business. Gabriela Rapp of Rapp Room Broker experienced all the hassle of finding a place to stay and has her story to tell.

What she did was simple, straightforward and modern. She created a web and telephone-based service which takes care of the opportunity cost of finding a room, apartment, house or even office space to let on a short term basis.

Under www.Room-Broker.com you may register your request, actually look at some of the objects and check their location. The service is free of charge for landlords and quite reasonably priced for po-tential tenan-ts. Starting at 20% of the first rent for a rental period of 1 month up to 100% form 9 months on-ward. The fee really is ridiculous compared to the costs you en-counter on your adventure into unknown land in search for a temporary home. If you have, and you have, ever looked for a new home, you know what I am talking about.

On a long-term basis and if the concept succeeds, we will witness a small-scale consolidation on the market for short-term rental of living space. Rents are very likely to get more realistic and some parts of town may even gain in image since quality will find its price.

Gabriela is actually attempting to merge the few small inefficient room-rental-networks into one practical platform and will try to convince the one or other landlord of a "Maison de Maître" to rent out to several tenants at a time. These "communities" are becoming quite common in Luxembourg and are simply the product of a tight and stiff market with little communication and transparency.

The concept may take time to forge its way into the traditional minds of Luxembourg's landlords but the power of the market will eventually