According to monthly surveys released by Luxembourg’s atHome real estate portal, demand for property outstrips the supply in the Grand Duchy. Prices continue to increase as a result:

• 1,385 euros to rent an apartment
• 2,498 euros to rent a house

How are prices evolving for different property types?

1. Growth in rental prices (March 2017 to March 2018) 

• Apartments: up 1% 
• Houses: up 6%

2. Growth in prices for small properties

• Studios and one-bedroom apartments: up 5% 
• Two-bedroom houses: up 9%

Purchase prices exceed 5,000 euros per sq. m

Please note that these prices are heavily dependent on the geographical zone and can vary by as much as 100% between Luxembourg North and Luxembourg Centre.

1. Average purchase prices

• Apartments: 434,701 euros
• Period houses: 729,516 euros

Up 3% and 5% respectively in a year.

2. Prices per square metre

• Period apartments in Luxembourg: 5,137 € / sq. m
• Existing houses: 4,099 € / sq. m
• New apartments: 6,307 € / sq. m, up 4% in a year

In our previous article on rising property prices in Luxembourg, which appeared last February following the publication of figures by Statec, Luxembourg’s statistics office, we highlighted an increase of almost 5% in the third quarter of 2017 compared to the same period in 2016.

How best to finance your property projects?

We offer financing solutions as a natural extension of the overall wealth management strategy we develop for our clients. As everyone has different individual needs and situations, we always offer tailored solutions that consider every aspect of your project.

Contact an adviser