Brexit bankers may find home in Luxembourg's red-light district

Luxembourg has already become the nation of choice for several insurers, funds and banks relocating from the UK as it prepares to leave the European Union

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 UK, 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.

“These days, all neighborhoods in Luxembourg are being explored,” said Julien Pillot at estate agency Inowai SA. That includes the seedy area of