Alejandro Marx’ nightmare began in 2019, when he decided to buy an off-plan (VEFA) flat in the “L’Adresse” residential complex in Esch-sur-Alzette. At the time, he was told his unit would be ready for handover in the autumn of 2021. There had been no reason for him to be suspicious.
The Luxembourg property market was still booming, and flats were selling like hot cakes.
Months went by, and the thirty-something suspected nothing. The construction site on Rue de l’Alzette appeared to be progressing, and the developer in charge, GC Promotions, gave no cause for concern.
Even so, delays began to pile up, and owners started to worry. The company, however, had an answer for everything, whether the pandemic, the war in Ukraine or bad weather….