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Brexit Bankers May Find Home in Luxembourg's Red-Light District

  • City center is hotspot as commuting times mar suburban life
  • London bankers can’t expect to upsize as prices keep rising
A pedestrian passes the offices as construction cranes stand beyond in Luxembourg

A pedestrian passes the offices as construction cranes stand beyond in Luxembourg

Photographer: Jasper Juinen/Bloomberg
Updated on

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).